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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~84d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.28%
3d Period Avg+3.56%
swing±27.08%
LONG Kinetiq · nowUS500
+4.24%
3d avg:+5.06%
SHORT Ondo · nowSPY-USD.P
+5.52%
3d avg:+8.62%
Entry Spread Now
+0.038%
Eaten by executionL 767.0300 · S 767.3215+$3.80 if it converges
24h range −0.13%…+0.12% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0.030%/taker0.090%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$25.41
−0.25%
$Avg Daily PnL
+$1.33
+0.0133%
★Best Day
+$3.45
Oct 19
◎Open Interest
Kinetiq$2.14M
Ondo$5.69M⚡Funding APR
+4.86%
annualized · funding only
⚠Execution Cost
−$29.41
entry + exit fees
⏱Payback
22.1d
to break even
◧24h Volume
Kinetiq$587.3KOndo$916.3KLoading 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 (−$29.41 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.