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updated —BTW Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+179.12%
30d Period Avg+18.34%
swing±79.02%
LONG OKX · nowBTW-USDT-SWAP
−5.99%
30d avg:−33.46%
SHORT KuCoin · nowBTWUSDTM
+173.13%
30d avg:−15.12%
Entry Spread Now
+0.506%
In your favorL 0.7136 · S 0.7172+$50.57 if it converges
24h range −3.45%…+9.49% · median +0.47%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Limited funding history — chart clipped to available data
- OKX (Long): data starts Oct 22, 2026 (24d available out of 30d requested)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Loading Funding History…
↗Total PnL
+$257.81
+2.58%
$Avg Daily PnL
+$9.33
+0.0933%
★Best Day
+$106.21
Oct 24
◎Open Interest
OKX$1.31M
KuCoin$3.33M⚡Funding APR
+34.04%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
2.4d
to break even
◧24h Volume
OKX$16.12MKuCoin$4.56MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.