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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 ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+110.23%
3d Period Avg+13.60%
swing±73.77%
LONG Gate.io · now
−99.27%
3d avg:−2.64%
SHORT OKX · nowPONS-USDT-SWAP
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.233%
Against youL 0.1289 · S 0.1286−$23.27 if it converges
24h range −0.70%…+0.75% · median −0.07%
Long pays every4hShort pays every4h
LONGmaker-0.010%/taker0.075%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$12.94
−0.13%
$Avg Daily PnL
+$4.02
+0.0402%
★Best Day
+$12.97
Nov 13
◎Open Interest
Gate.io$8.63M
OKX$5.57M⚡Funding APR
+14.67%
annualized · funding only
⚠Execution Cost
−$25.00
entry + exit fees
⏱Payback
6.2d
to break even
◧24h Volume
Gate.io$1.87MOKX$15.73MLoading 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.