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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 ~2.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+31.86%
3d Period Avg+16.69%
swing±23.13%
LONG OKX · nowNIGHT-USDT-SWAP
−40.88%
3d avg:−23.59%
SHORT Hotcoin · now
−9.02%
3d avg:−6.90%
Entry Spread Now
−0.127%
Against youL 0.04711 · S 0.04705−$12.74 if it converges
24h range −1.22%…+0.73% · median −0.06%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$8.29
−0.08%
$Avg Daily PnL
+$4.57
+0.0457%
★Best Day
+$7.59
Nov 13
◎Open Interest
OKX$3.53M
Hotcoin$657.5K⚡Funding APR
+16.68%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
4.8d
to break even
◧24h Volume
OKX$7.96MHotcoin$2.35MLoading 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.