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updated —SOPH Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.0d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+133.68%
7d Period Avg+37.82%
swing±57.04%
LONG KuCoin · nowSOPHUSDTM
−153.40%
7d avg:−63.42%
SHORT Bitget · now
−19.72%
7d avg:−25.60%
Entry Spread Now
−0.584%
Eaten by executionL 0.001885 · S 0.001874−$58.36 if it converges
24h range −2.73%…+3.53% · median +0.06%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$75.52
−0.76%
$Avg Daily PnL
+$10.36
+0.1036%
★Best Day
+$21.59
Nov 10
◎Open Interest
⚡Funding APR
+37.80%
annualized · funding only
⚠Execution Cost
−$148.01
entry + exit fees
⏱Payback
14.3d
to break even
◧24h Volume
Loading 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 (−$148.01 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.