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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 ~3.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+21.92%
7d Period Avg+9.16%
swing±66.60%
LONG OKX · nowZHIPU-USDT-SWAP
+0.00%
7d avg:+40.25%
SHORT Hotcoin · now
+21.92%
7d avg:+49.41%
Entry Spread Now
+0.087%
Eaten by executionL 80.7800 · S 80.8500+$8.67 if it converges
24h range −0.09%…+0.11% · median +0.01%
Long pays every8hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$4.43
−0.04%
$Avg Daily PnL
+$2.51
+0.0251%
★Best Day
+$13.08
Sep 21
◎Open Interest
OKX$5.62M
Hotcoin$1.03M⚡Funding APR
+9.16%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
8.8d
to break even
◧24h Volume
OKX$1.05MHotcoin$226.6KLoading 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.