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updated —MINIMAX Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+80.91%
3d Period Avg+22.19%
swing±46.05%
LONG Gate.io · now
+0.00%
3d avg:+0.00%
SHORT Bybit · now
+80.91%
3d avg:+22.19%
Entry Spread Now
+0.156%
In your favorL 19.2400 · S 19.2700+$15.59 if it converges
24h range −0.10%…+0.57% · median +0.10%
Long pays every8hShort pays every8h
LONGmaker-0.010%/taker0.075%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$7.78
−0.08%
$Avg Daily PnL
+$6.07
+0.0607%
★Best Day
+$11.95
Nov 13
◎Open Interest
Gate.io$468.1K
Bybit$918.2K⚡Funding APR
+22.17%
annualized · funding only
⚠Execution Cost
−$26.00
entry + exit fees
⏱Payback
4.3d
to break even
◧24h Volume
Gate.io$506.9KBybit$62.6KLoading 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 (−$26.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.