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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
−3.68%
3d Period Avg+20.69%
swing±25.02%
LONG OKX · nowMINA-USDT-SWAP
+3.25%
3d avg:−14.57%
SHORT Gate.io · now
−0.44%
3d avg:+6.12%
Entry Spread Now
−0.124%
Eaten by executionL 0.1451 · S 0.1449−$12.41 if it converges
24h range −1.06%…+0.92% · median −0.08%
Long pays every4hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker-0.010%/taker0.075%
Loading Funding History…
↗Total PnL
−$2.04
−0.02%
$Avg Daily PnL
+$7.65
+0.0765%
★Best Day
+$12.05
Sep 25
◎Open Interest
⚡Funding APR
+27.93%
annualized · funding only
⚠Execution Cost
−$25.00
entry + exit fees
⏱Payback
3.3d
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 (−$25.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.