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updated 12:42:23 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+45.86%
3d Period Avg+7.44%
LONG OKX · nowCHIP-USDT-SWAP
−34.91%
3d avg:−11.77%
SHORT Bybit · now
+10.96%
3d avg:−4.33%
Entry Spread Now
+0.132%
In your favorL 0.03039 · S 0.03043+$13.16 if it converges
24h range −1.05%…+1.03% · median +0.10%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$14.89
−0.15%
$Avg Daily PnL
+$1.53
+0.0153%
★Best Day
+$6.75
Aug 16
◎Open Interest
OKX$2.71M
Bybit$5.82M⚡Funding APR
+5.58%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
13.7d
to break even
◧24h Volume
OKX$56.71MBybit$22.18MLoading 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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.