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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 ~2.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+31.73%
30d Period Avg+5.21%
swing±22.81%
LONG Bybit · now
+59.64%
30d avg:+24.12%
SHORT OKX · nowPIPPIN-USDT-SWAP
+91.36%
30d avg:+29.33%
Entry Spread Now
+0.102%
Eaten by executionL 0.01952 · S 0.01954+$10.25 if it converges
24h range −0.94%…+0.78% · median −0.05%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$21.79
+0.22%
$Avg Daily PnL
+$1.43
+0.0143%
★Best Day
+$10.47
Sep 19
◎Open Interest
Bybit$3.70M
OKX$1.52M⚡Funding APR
+5.21%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
14.7d
to break even
◧24h Volume
Bybit$2.14MOKX$4.63MLoading 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.