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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 ~6.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+12.44%
7d Period Avg+14.38%
swing±19.43%
LONG OKX · nowNIGHT-USDT-SWAP
−39.39%
7d avg:−10.73%
SHORT Bitget · now
−26.96%
7d avg:+3.65%
Entry Spread Now
+0.145%
In your favorL 0.04702 · S 0.04709+$14.46 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
+$5.56
+0.06%
$Avg Daily PnL
+$3.94
+0.0394%
★Best Day
+$7.16
Nov 11
◎Open Interest
OKX$3.54M
Bitget$1.59M⚡Funding APR
+14.37%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
5.6d
to break even
◧24h Volume
OKX$7.87MBitget$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.