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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
+0.00%
7d Period Avg+15.23%
swing±19.37%
LONG OKX · nowNMR-USDT-SWAP
+10.96%
7d avg:−8.22%
SHORT Bybit · now
+10.96%
7d avg:+7.01%
Entry Spread Now
+0.026%
Eaten by executionL 11.7340 · S 11.7370+$2.56 if it converges
24h range −0.61%…+0.79% · median +0.00%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$8.18
+0.08%
$Avg Daily PnL
+$4.17
+0.0417%
★Best Day
+$9.67
Oct 13
◎Open Interest
⚡Funding APR
+15.22%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
5.0d
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.