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updated 11:51:54 AMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+123.78%
30d Period Avg−44.26%
LONG OKX · nowIWM-USDT-SWAP
+0.00%
30d avg:+0.00%
SHORT Bybit · now
+123.78%
30d avg:−44.26%
Entry Spread Now
+0.020%
In your favorL ask 294.1700 · S bid 294.2300+$2.04 at entry
24h range −0.19%…+0.66% · median +0.12%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$488.70
−4.89%
$Avg Daily PnL
−$11.73
−0.1173%
★Best Day
+$34.62
Jul 19
◎Open Interest
OKX$554.5K
Bybit$708.3K⚡Funding APR
−42.80%
annualized · funding only
⚠Execution Cost
−$125.18
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
OKX$71.3KBybit$82.1KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$125.18 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.