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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+12.95%
swing±21.86%
LONG OKX · nowUSELESS-USDT-SWAP
+10.96%
7d avg:+18.10%
SHORT Toobit · nowUSELESS-SWAP-USDT
+10.96%
7d avg:+31.05%
Entry Spread Now
+0.063%
Eaten by executionL 0.2851 · S 0.2852+$6.31 if it converges
24h range −0.64%…+1.03% · median +0.04%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$2.80
+0.03%
$Avg Daily PnL
+$3.54
+0.0354%
★Best Day
+$11.66
Sep 22
◎Open Interest
OKX$9.24M
Toobit$2.20M⚡Funding APR
+12.93%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
6.2d
to break even
◧24h Volume
OKX$27.76MToobit$5.06MLoading 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.