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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 ~7.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+15.35%
7d Period Avg+0.22%
swing±20.04%
LONG Kinetiq · nowUS500
−9.83%
7d avg:+3.72%
SHORT Ondo · nowSPY-USD.P
+5.52%
7d avg:+3.94%
Entry Spread Now
+0.033%
Eaten by executionL 767.0200 · S 767.2750+$3.32 if it converges
24h range −0.13%…+0.12% · median +0.05%
Long pays every1hShort pays every1h
LONGmaker0.030%/taker0.090%SHORTmaker0.015%/taker0.035%
Loading Funding History…
↗Total PnL
−$28.34
−0.28%
$Avg Daily PnL
+$0.13
+0.0013%
★Best Day
+$3.36
Oct 19
◎Open Interest
Kinetiq$2.14M
Ondo$5.70M⚡Funding APR
+0.47%
annualized · funding only
⚠Execution Cost
−$29.24
entry + exit fees
⏱Payback
7.6mo
to break even
◧24h Volume
Kinetiq$588.5KOndo$1.04MLoading 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 (−$29.24 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.