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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 ~3.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+23.34%
7d Period Avg+28.89%
swing±60.38%
LONG OKX · nowMAGIC-USDT-SWAP
−12.38%
7d avg:−47.31%
SHORT Bybit · now
+10.96%
7d avg:−18.42%
Entry Spread Now
+0.055%
Eaten by executionL 0.1098 · S 0.1098+$5.47 if it converges
24h range −2.07%…+2.12% · median +0.01%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$31.72
+0.32%
$Avg Daily PnL
+$7.53
+0.0753%
★Best Day
+$22.87
Oct 10
◎Open Interest
OKX$4.94M
Bybit$2.82M⚡Funding APR
+27.49%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
2.8d
to break even
◧24h Volume
OKX$63.32MBybit$6.04MLoading 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.