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updated —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
−90.46%
3d Period Avg+44.74%
swing±27.30%
LONG OKX · nowCXMT-USDT-SWAP
−159.36%
3d avg:−58.24%
SHORT Bybit · now
−249.82%
3d avg:−13.50%
Entry Spread Now
−0.070%
Eaten by executionL 8.5870 · S 8.5810−$6.99 if it converges
24h range −0.23%…+0.22% · median −0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$15.75
+0.16%
$Avg Daily PnL
+$12.25
+0.1225%
★Best Day
+$19.92
Sep 26
◎Open Interest
⚡Funding APR
+44.71%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
1.7d
to break even
◧24h Volume
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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.