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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
+111.77%
7d Period Avg+31.46%
swing±72.67%
LONG Gate.io · now
−100.81%
7d avg:−7.40%
SHORT BingX · now
+10.96%
7d avg:+24.06%
Entry Spread Now
−0.077%
Eaten by executionL 0.1292 · S 0.1291−$7.74 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
+$26.07
+0.26%
$Avg Daily PnL
+$7.30
+0.0730%
★Best Day
+$21.31
Nov 7
◎Open Interest
Gate.io$8.62M
BingX$839.1K⚡Funding APR
+26.63%
annualized · funding only
⚠Execution Cost
−$25.00
entry + exit fees
⏱Payback
3.4d
to break even
◧24h Volume
Gate.io$1.86MBingX$984.3KLoading 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.