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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
+0.00%
3d Period Avg+25.82%
swing±24.46%
LONG OKX · nowKSM-USDT-SWAP
+10.96%
3d avg:−14.86%
SHORT Bybit · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.022%
Eaten by executionL 4.6030 · S 4.6020−$2.17 if it converges
24h range −0.50%…+0.00% · median −0.13%
Long pays every4hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$4.40
−0.04%
$Avg Daily PnL
+$5.53
+0.0553%
★Best Day
+$7.36
Oct 14
◎Open Interest
⚡Funding APR
+20.20%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
3.8d
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.