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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 ~1.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+40.37%
7d Period Avg+20.64%
swing±17.18%
LONG OKX · nowNIGHT-USDT-SWAP
−39.71%
7d avg:−10.73%
SHORT BingX · now
+0.66%
7d avg:+9.91%
Entry Spread Now
+0.038%
Eaten by executionL 0.04691 · S 0.04693+$3.84 if it converges
24h range −0.81%…+0.55% · median −0.02%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$19.56
+0.20%
$Avg Daily PnL
+$5.65
+0.0565%
★Best Day
+$10.54
Nov 13
◎Open Interest
OKX$3.50M
BingX$837.4K⚡Funding APR
+20.63%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
3.5d
to break even
◧24h Volume
OKX$7.96MBingX$1.71MLoading 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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.