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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β9.56%
3d Period Avgβ2.44%
swingΒ±33.10%
LONG OKX Β· nowPIPPIN-USDT-SWAP
+20.51%
3d avg:+34.94%
SHORT Binance Futures Β· now
+10.96%
3d avg:+32.50%
Entry Spread Now
β0.192%
Against youL 0.01562 Β· S 0.01559β$19.21 if it converges
24h range β0.46%β¦+0.26% Β· median β0.16%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding Historyβ¦
βTotal PnL
β$22.01
β0.22%
$Avg Daily PnL
β$0.67
β0.0067%
β
Best Day
+$5.89
Oct 15
βOpen Interest
OKX$1.11M
Binance Futures$4.77Mβ‘Funding APR
β2.45%
annualized Β· funding only
β Execution Cost
β$20.00
entry + exit fees
β±Payback
never
to break even
β§24h Volume
OKX$684.2KBinance Futures$1.43MLoading Cumulative PnLβ¦
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 (β$20.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.