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updated 8:33:35 PMFunding Arbitrage Backtester
Size$
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%
3d Period Avg−13.14%
LONG OKX · nowZEN-USDT-SWAP
+10.96%
3d avg:+10.41%
SHORT Bybit · now
+10.96%
3d avg:−2.73%
Entry Spread Now
+0.300%
In your favorL 3.9940 · S 4.0060+$30.05 if it converges
24h range −0.30%…+0.25% · median +0.07%
Long pays every4hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$31.67
−0.32%
$Avg Daily PnL
−$3.56
−0.0356%
★Best Day
+$0.00
Aug 16
◎Open Interest
OKX$638.0K
Bybit$1.65M⚡Funding APR
−12.98%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
OKX$280.6KBybit$417.4KLoading 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.