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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 ~1.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+41.04%
30d Period Avg+17.95%
swing±63.75%
LONG OKX · nowW-USDT-SWAP
−30.08%
30d avg:−1.62%
SHORT Backpack · nowW_USDC_PERP
+10.96%
30d avg:+16.33%
Entry Spread Now
+0.309%
In your favorL 0.01329 · S 0.01333+$30.85 if it converges
24h range −1.03%…+0.69% · median +0.06%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$127.03
+1.27%
$Avg Daily PnL
+$4.90
+0.0490%
★Best Day
+$23.54
Sep 18
◎Open Interest
OKX$2.18M
Backpack$55.1K⚡Funding APR
+17.89%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
4.1d
to break even
◧24h Volume
OKX$2.55MBackpack$24.0KLoading 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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.