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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~6.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+12.74%
7d Period Avg+11.14%
swing±22.62%
LONG OKX · nowCOIN-USDT-SWAP
−6.12%
7d avg:+3.43%
SHORT Hotcoin · now
+6.62%
7d avg:+14.57%
Entry Spread Now
+0.015%
NeutralL 195.6600 · S 195.6900
24h range −0.10%…+0.17% · median −0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$0.64
−0.01%
$Avg Daily PnL
+$3.05
+0.0305%
★Best Day
+$7.89
Sep 24
◎Open Interest
OKX$2.75M
Hotcoin$3.12M⚡Funding APR
+11.14%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
7.2d
to break even
◧24h Volume
OKX$485.7KHotcoin$781.0KLoading 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.