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updated —W Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~86d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.23%
3d Period Avg+25.55%
swing±34.80%
LONG Gate.io · now
+3.73%
3d avg:−14.59%
SHORT Bitget · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.221%
Against youL ask 0.009501 · S bid 0.009480−$22.10 at entry
24h range −0.81%…+0.60% · median −0.07%
Long pays every4hShort pays every4h
LONGmaker-0.010%/taker0.075%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$138.98
−1.39%
$Avg Daily PnL
+$10.42
+0.1042%
★Best Day
+$14.41
Nov 13
◎Open Interest
Gate.io$538.1K
Bitget$1.05M⚡Funding APR
+38.02%
annualized · funding only
⚠Execution Cost
−$170.23
entry + exit fees
⏱Payback
16.3d
to break even
◧24h Volume
Gate.io$300.4KBitget$558.2KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$170.23 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.