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updated —NIGHT 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
+42.41%
3d Period Avg+31.37%
swing±24.15%
LONG OKX · nowNIGHT-USDT-SWAP
−40.88%
3d avg:−23.59%
SHORT MEXC · now
+1.53%
3d avg:+7.78%
Entry Spread Now
−0.382%
Against youL 0.04711 · S 0.04693−$38.21 if it converges
24h range −0.69%…+0.68% · median −0.01%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0.020%
Loading Funding History…
↗Total PnL
+$11.77
+0.12%
$Avg Daily PnL
+$8.59
+0.0859%
★Best Day
+$11.52
Nov 13
◎Open Interest
OKX$3.53M
MEXC$1.34M⚡Funding APR
+31.35%
annualized · funding only
⚠Execution Cost
−$14.00
entry + exit fees
⏱Payback
1.6d
to break even
◧24h Volume
OKX$7.96MMEXC$1.40MLoading 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.