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updated —MAGMA 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
−5.16%
7d Period Avg+22.96%
swing±37.76%
LONG Binance Futures · now
+59.18%
7d avg:+13.76%
SHORT Aster · now
+54.02%
7d avg:+36.72%
Entry Spread Now
+0.768%
In your favorL 0.3816 · S 0.3846+$76.76 if it converges
24h range −2.24%…+2.91% · median −0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
+$23.27
+0.23%
$Avg Daily PnL
+$5.90
+0.0590%
★Best Day
+$18.74
Oct 25
◎Open Interest
Binance Futures$8.69M
Aster$756.5K⚡Funding APR
+21.52%
annualized · funding only
⚠Execution Cost
−$18.00
entry + exit fees
⏱Payback
3.0d
to break even
◧24h Volume
Binance Futures$73.71MAster$288.1KLoading 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 (−$18.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.