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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
−283.05%
7d Period Avg+18.66%
swing±44.32%
LONG Toobit · nowAPI3-SWAP-USDT
−1710.56%
7d avg:−17.39%
SHORT BingX · now
−1993.61%
7d avg:+1.27%
Entry Spread Now
+0.031%
Eaten by executionL 0.3253 · S 0.3254+$3.07 if it converges
24h range −2.09%…+1.63% · median +0.12%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$4.70
−0.05%
$Avg Daily PnL
+$2.47
+0.0247%
★Best Day
+$19.45
Oct 6
◎Open Interest
Toobit$5.07M
BingX$5.09M⚡Funding APR
+9.02%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
8.9d
to break even
◧24h Volume
Toobit$15.56MBingX$8.92MLoading 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.