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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
+110.89%
7d Period Avg+20.94%
swing±66.54%
LONG Gate.io · now
−99.93%
7d avg:−7.40%
SHORT OKX · nowPONS-USDT-SWAP
+10.96%
7d avg:+13.54%
Entry Spread Now
−0.078%
Eaten by executionL 0.1290 · S 0.1289−$7.75 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
+$5.92
+0.06%
$Avg Daily PnL
+$4.42
+0.0442%
★Best Day
+$12.97
Nov 13
◎Open Interest
Gate.io$8.55M
OKX$5.55M⚡Funding APR
+16.12%
annualized · funding only
⚠Execution Cost
−$25.00
entry + exit fees
⏱Payback
5.7d
to break even
◧24h Volume
Gate.io$1.84MOKX$15.69MLoading 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.