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updated —AXS Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~75d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.66%
7d Period Avg+1.79%
swing±4.25%
LONG grvt · nowAXS_USDT_Perp
−3.94%
7d avg:+3.51%
SHORT Binance Futures · now
−2.28%
7d avg:+5.30%
Entry Spread Now
−0.167%
Eaten by executionL 0.7242 · S 0.7230−$16.69 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
−$30.51
−0.31%
$Avg Daily PnL
+$0.49
+0.0049%
★Best Day
+$2.79
Nov 12
◎Open Interest
⚡Funding APR
+1.79%
annualized · funding only
⚠Execution Cost
−$33.95
entry + exit fees
⏱Payback
2.3mo
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 (−$33.95 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.