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updated —PONS Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.9d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+107.16%
3d Period Avg+15.29%
swing±71.91%
LONG Gate.io · now
−96.21%
3d avg:−2.64%
SHORT BingX · now
+10.96%
3d avg:+12.65%
Entry Spread Now
−0.078%
Eaten by executionL 0.1287 · S 0.1286−$7.77 if it converges
24h range −1.11%…+1.23% · median +0.07%
Long pays every4hShort pays every4h
LONGmaker-0.010%/taker0.075%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$11.55
−0.12%
$Avg Daily PnL
+$4.48
+0.0448%
★Best Day
+$14.19
Nov 13
◎Open Interest
Gate.io$8.63M
BingX$839.8K⚡Funding APR
+16.37%
annualized · funding only
⚠Execution Cost
−$25.00
entry + exit fees
⏱Payback
5.6d
to break even
◧24h Volume
Gate.io$1.88MBingX$986.2KLoading 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 (−$25.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.