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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 ~5.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+43.15%
7d Period Avg+22.32%
swing±19.99%
LONG OKX · nowNIGHT-USDT-SWAP
−37.67%
7d avg:−10.73%
SHORT MEXC · now
+5.48%
7d avg:+11.59%
Entry Spread Now
−0.036%
Against youL ask 0.04733 · S bid 0.04731−$3.59 at entry
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
−$16.02
−0.16%
$Avg Daily PnL
+$6.11
+0.0611%
★Best Day
+$11.52
Nov 13
◎Open Interest
OKX$3.55M
MEXC$1.39M⚡Funding APR
+22.30%
annualized · funding only
⚠Execution Cost
−$58.80
entry + exit fees
⏱Payback
9.6d
to break even
◧24h Volume
OKX$7.89MMEXC$1.38MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$58.80 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.