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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~4866d
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+0.04%
7d Period Avg+0.14%
swingΒ±1.71%
LONG SoDEX Β· nowSPCX-USD
+5.48%
7d avg:+5.54%
SHORT Ondo Β· nowSPCX-USD.P
+5.52%
7d avg:+5.68%
Entry Spread Now
β0.182%
Against youL ask 164.3400 Β· S bid 164.0400β$18.25 at entry
24h range β0.22%β¦β0.06% Β· median β0.11%
Long pays every1hShort pays every1h
LONGmaker0.012%/taker0.040%SHORTmaker0.015%/taker0.035%
Loading Funding Historyβ¦
βTotal PnL
β$53.13
β0.53%
$Avg Daily PnL
+$0.03
+0.0003%
β
Best Day
+$0.16
Oct 10
βOpen Interest
SoDEX$888.6K
Ondo$3.65Mβ‘Funding APR
+0.11%
annualized Β· funding only
β Execution Cost
β$53.33
entry + exit fees
β±Payback
60.7mo
to break even
β§24h Volume
SoDEX$109.4KOndo$138.9KLoading Cumulative PnLβ¦
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (β$53.33 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.