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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 ~16d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.29%
7d Period Avg+8.86%
swing±16.23%
LONG BingX · now
+7.67%
7d avg:+18.57%
SHORT MEXC · now
+10.96%
7d avg:+27.43%
Entry Spread Now
−0.034%
Eaten by executionL 0.3194 · S 0.3193−$3.44 if it converges
24h range −1.54%…+0.84% · median −0.02%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0.020%
Loading Funding History…
↗Total PnL
+$2.97
+0.03%
$Avg Daily PnL
+$2.42
+0.0242%
★Best Day
+$6.25
Nov 13
◎Open Interest
BingX$604.0K
MEXC$3.19M⚡Funding APR
+8.85%
annualized · funding only
⚠Execution Cost
−$14.00
entry + exit fees
⏱Payback
5.8d
to break even
◧24h Volume
BingX$1.56MMEXC$286.4KLoading 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 (−$14.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.