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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
−29.91%
7d Period Avg+16.25%
swing±24.26%
LONG Toobit · nowNIGHT-SWAP-USDT
+30.57%
7d avg:−6.34%
SHORT BingX · now
+0.66%
7d avg:+9.91%
Entry Spread Now
+0.021%
Eaten by executionL 0.04692 · S 0.04693+$2.13 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
+$9.15
+0.09%
$Avg Daily PnL
+$4.45
+0.0445%
★Best Day
+$11.92
Nov 12
◎Open Interest
Toobit$784.3K
BingX$837.4K⚡Funding APR
+16.24%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
4.9d
to break even
◧24h Volume
Toobit$1.82MBingX$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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.