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updated —USELESS Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~15d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+6.14%
7d Period Avg+18.66%
swing±22.80%
LONG Gate.io · now
+4.82%
7d avg:+6.17%
SHORT BingX · now
+10.96%
7d avg:+24.83%
Entry Spread Now
+0.009%
NeutralL 0.1123 · S 0.1123
24h range −1.26%…+1.17% · median +0.07%
Long pays every4hShort pays every4h
LONGmaker-0.010%/taker0.075%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$13.09
+0.13%
$Avg Daily PnL
+$5.44
+0.0544%
★Best Day
+$7.73
Nov 8
◎Open Interest
Gate.io$8.03M
BingX$777.2K⚡Funding APR
+19.86%
annualized · funding only
⚠Execution Cost
−$25.00
entry + exit fees
⏱Payback
4.6d
to break even
◧24h Volume
Gate.io$2.06MBingX$1.07MLoading 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.