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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 ~8.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.02%
7d Period Avg+15.13%
swing±24.50%
LONG BingX · now
+7.67%
7d avg:+18.57%
SHORT Toobit · nowMAGMA-SWAP-USDT
+17.69%
7d avg:+33.70%
Entry Spread Now
+0.404%
In your favorL 0.3219 · S 0.3232+$40.39 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
+$7.00
+0.07%
$Avg Daily PnL
+$4.14
+0.0414%
★Best Day
+$7.39
Nov 12
◎Open Interest
BingX$604.8K
Toobit$1.37M⚡Funding APR
+15.12%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
5.3d
to break even
◧24h Volume
BingX$1.56MToobit$3.48MLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.