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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 ~1.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+57.31%
7d Period Avg+19.31%
swing±25.01%
LONG OKX · nowNOK-USDT-SWAP
+0.00%
7d avg:+8.57%
SHORT Hotcoin · now
+57.31%
7d avg:+27.88%
Entry Spread Now
+0.067%
Eaten by executionL 10.3830 · S 10.3900+$6.74 if it converges
24h range −0.16%…+0.13% · median −0.04%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$15.01
+0.15%
$Avg Daily PnL
+$5.29
+0.0529%
★Best Day
+$11.51
Sep 27
◎Open Interest
OKX$1.16M
Hotcoin$1.51M⚡Funding APR
+19.30%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
4.2d
to break even
◧24h Volume
OKX$95.7KHotcoin$70.2KLoading 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.