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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 ~2.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+166.77%
3d Period Avg+13.60%
swing±73.77%
LONG Gate.io · now
−155.82%
3d avg:−2.64%
SHORT Bitget · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.690%
Against youL 0.1305 · S 0.1296−$68.97 if it converges
24h range −1.34%…+0.85% · median −0.05%
Long pays every4hShort pays every4h
LONGmaker-0.010%/taker0.075%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$85.16
−0.85%
$Avg Daily PnL
+$4.02
+0.0402%
★Best Day
+$12.97
Nov 13
◎Open Interest
Gate.io$8.64M
Bitget$1.49M⚡Funding APR
+14.67%
annualized · funding only
⚠Execution Cost
−$97.22
entry + exit fees
⏱Payback
24.2d
to break even
◧24h Volume
Gate.io$1.87MBitget$1.88MLoading 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 (−$97.22 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.