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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 ~0.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+110.23%
7d Period Avg+32.01%
swing±73.52%
LONG Gate.io · now
−99.27%
7d avg:−7.40%
SHORT MEXC · now
+10.96%
7d avg:+24.61%
Entry Spread Now
−0.078%
Eaten by executionL 0.1289 · S 0.1288−$7.76 if it converges
24h range −0.84%…+0.68% · median +0.00%
Long pays every4hShort pays every4h
LONGmaker-0.010%/taker0.075%SHORTmaker0%/taker0.020%
Loading Funding History…
↗Total PnL
+$33.12
+0.33%
$Avg Daily PnL
+$7.45
+0.0745%
★Best Day
+$22.07
Nov 7
◎Open Interest
Gate.io$8.63M
MEXC$978.2K⚡Funding APR
+27.18%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
2.5d
to break even
◧24h Volume
Gate.io$1.87MMEXC$1.80MLoading 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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.