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updated —AXS Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.10%
3d Period Avg+4.01%
swing±5.83%
LONG grvt · nowAXS_USDT_Perp
−1.97%
3d avg:+2.35%
SHORT Binance Futures · now
−2.07%
3d avg:+6.36%
Entry Spread Now
−0.041%
Eaten by executionL 0.7243 · S 0.7240−$4.14 if it converges
24h range −0.59%…+0.72% · median +0.03%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$28.23
−0.28%
$Avg Daily PnL
+$1.10
+0.0110%
★Best Day
+$2.79
Nov 12
◎Open Interest
⚡Funding APR
+4.01%
annualized · funding only
⚠Execution Cost
−$31.53
entry + exit fees
⏱Payback
28.7d
to break even
◧24h Volume
Loading 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 (−$31.53 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.