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updated —NIGHT Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~7.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.72%
3d Period Avg+17.49%
swing±26.88%
LONG OKX · nowNIGHT-USDT-SWAP
−37.67%
3d avg:−23.59%
SHORT Bitget · now
−26.96%
3d avg:−6.10%
Entry Spread Now
−0.360%
Against youL 0.04726 · S 0.04709−$35.97 if it converges
24h range −1.45%…+0.85% · median −0.02%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$7.63
−0.08%
$Avg Daily PnL
+$4.79
+0.0479%
★Best Day
+$7.09
Nov 13
◎Open Interest
OKX$3.55M
Bitget$1.59M⚡Funding APR
+17.48%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
4.6d
to break even
◧24h Volume
OKX$7.89MBitget$1.51MLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.