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updated 2:38:54 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~5.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+14.03%
30d Period Avg+1.79%
LONG OKX · nowMERL-USDT-SWAP
−3.07%
30d avg:+9.17%
SHORT Binance Futures · now
+10.96%
30d avg:+10.96%
Entry Spread Now
−0.482%
Against youL 0.01869 · S 0.01860−$48.15 if it converges
24h range −0.59%…+0.36% · median +0.11%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$5.28
−0.05%
$Avg Daily PnL
+$0.47
+0.0047%
★Best Day
+$4.43
Jul 31
◎Open Interest
OKX$950.1K
Binance Futures$1.41M⚡Funding APR
+1.73%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
1.4mo
to break even
◧24h Volume
OKX$1.28MBinance Futures$952.7KLoading 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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.