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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 ~3.9d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+19.87%
3d Period Avg+14.80%
swing±9.38%
LONG OKX · nowNBIS-USDT-SWAP
+0.00%
3d avg:+13.05%
SHORT Bybit · now
+19.87%
3d avg:+27.85%
Entry Spread Now
+0.100%
Eaten by executionL 190.2800 · S 190.4700+$9.99 if it converges
24h range −1.94%…+0.81% · median −0.02%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$8.84
−0.09%
$Avg Daily PnL
+$4.05
+0.0405%
★Best Day
+$4.16
Oct 14
◎Open Interest
⚡Funding APR
+14.79%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
5.2d
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.