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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~3.3d
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+22.96%
3d Period Avg+4.32%
swingΒ±16.45%
LONG OKX Β· nowMAGIC-USDT-SWAP
β12.00%
3d avg:β7.96%
SHORT Bybit Β· now
+10.96%
3d avg:β3.64%
Entry Spread Now
β0.152%
Against youL 0.1117 Β· S 0.1115β$15.22 if it converges
24h range β2.07%β¦+2.12% Β· median +0.01%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$17.45
β0.17%
$Avg Daily PnL
+$1.18
+0.0118%
β
Best Day
+$2.80
Oct 15
βOpen Interest
OKX$4.97M
Bybit$2.90Mβ‘Funding APR
+4.31%
annualized Β· funding only
β Execution Cost
β$21.00
entry + exit fees
β±Payback
17.8d
to break even
β§24h Volume
OKX$59.47MBybit$5.70MLoading Cumulative PnLβ¦
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 (β$21.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.