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updated 11:23:40 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~43d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.85%
1d Period Avg−55.17%
swing±349.16%
LONG OKX · nowCAP-USDT-SWAP
−961.45%
1d avg:−179.67%
SHORT Hotcoin · now
−959.60%
1d avg:−234.84%
Entry Spread Now
+0.413%
In your favorL 0.06290 · S 0.06316+$41.34 if it converges
24h range −3.61%…+2.98% · median +0.48%
Long pays every2hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Sparse settlements: long 8%, short 33% of expected. KPIs may be noisy.
New venue — the two legs barely overlap yet (one leg has no full settlement inside the shared window). Funding lines are shown per-leg, but PnL/KPIs cover only the tiny overlap and are not meaningful until the new venue accrues more history.
Loading Funding History…
↗Total PnL
−$39.33
−0.39%
$Avg Daily PnL
−$17.33
−0.1733%
★Best Day
−$17.33
Sep 14
◎Open Interest
OKX$4.75M
Hotcoin$865.3K⚡Funding APR
−63.26%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
OKX$209.85MHotcoin—Loading 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.