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updated —NIGHT 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
−29.49%
3d Period Avg+19.71%
swing±32.58%
LONG Toobit · nowNIGHT-SWAP-USDT
+29.71%
3d avg:−12.24%
SHORT BingX · now
+0.22%
3d avg:+7.47%
Entry Spread Now
+0.256%
In your favorL 0.04680 · S 0.04692+$25.64 if it converges
24h range −0.84%…+1.20% · median +0.02%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$5.81
−0.06%
$Avg Daily PnL
+$5.40
+0.0540%
★Best Day
+$11.92
Nov 12
◎Open Interest
Toobit$778.6K
BingX$837.4K⚡Funding APR
+19.70%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
4.1d
to break even
◧24h Volume
Toobit$1.84MBingX$1.73MLoading 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.