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updated —BTW Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−2378.16%
7d Period Avg+111.33%
swing±225.50%
LONG OKX · nowBTW-USDT-SWAP
−1044.09%
7d avg:−198.47%
SHORT Gate.io · now
−3422.25%
7d avg:−87.14%
Entry Spread Now
+0.466%
In your favorL 0.6678 · S 0.6709+$46.56 if it converges
24h range −2.14%…+3.13% · median +0.70%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker-0.010%/taker0.075%
Sparse settlements: long 12%, short 74% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$118.40
−1.18%
$Avg Daily PnL
−$13.34
−0.1334%
★Best Day
+$8.24
Nov 11
◎Open Interest
OKX$1.26M
Gate.io$8.03M⚡Funding APR
−48.70%
annualized · funding only
⚠Execution Cost
−$25.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
OKX$12.01MGate.io$12.53MLoading 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 (−$25.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.