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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+8.68%
swing±39.50%
LONG OKX · nowRAVE-USDT-SWAP
+10.96%
7d avg:+34.68%
SHORT Bybit · now
+10.96%
7d avg:+43.36%
Entry Spread Now
+0.244%
In your favorL 0.1519 · S 0.1523+$24.36 if it converges
24h range −0.64%…+0.16% · median −0.12%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$4.37
−0.04%
$Avg Daily PnL
+$2.38
+0.0238%
★Best Day
+$11.37
Oct 14
◎Open Interest
OKX$1.37M
Bybit$1.80M⚡Funding APR
+8.67%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
8.8d
to break even
◧24h Volume
OKX$2.32MBybit$806.0KLoading 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.