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updated —MAGMA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~17d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+8.86%
3d Period Avg+14.39%
swing±25.31%
LONG BingX · now
+7.67%
3d avg:+22.78%
SHORT Toobit · nowMAGMA-SWAP-USDT
+16.53%
3d avg:+37.17%
Entry Spread Now
+0.277%
In your favorL 0.3214 · S 0.3223+$27.69 if it converges
24h range −1.26%…+2.21% · median −0.02%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$28.36
−0.28%
$Avg Daily PnL
+$3.94
+0.0394%
★Best Day
+$7.39
Nov 12
◎Open Interest
BingX$607.4K
Toobit$1.33M⚡Funding APR
+14.38%
annualized · funding only
⚠Execution Cost
−$40.18
entry + exit fees
⏱Payback
10.2d
to break even
◧24h Volume
BingX$1.55MToobit$3.47MLoading 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 (−$40.18 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.