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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 never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β19.72%
7d Period Avg+10.65%
swingΒ±19.31%
LONG Polymarket Β· now
+10.96%
7d avg:β13.34%
SHORT Ondo Β· nowXRP-USD.P
β8.77%
7d avg:β2.69%
Entry Spread Now
β0.193%
Against youL ask 1.2963 Β· S bid 1.2938β$19.29 at entry
24h range β0.36%β¦+0.26% Β· median β0.12%
Long pays every1hShort pays every1h
LONGmaker0.013%/taker0.040%SHORTmaker0.015%/taker0.035%
Loading Funding Historyβ¦
βTotal PnL
β$6.71
β0.07%
$Avg Daily PnL
+$3.04
+0.0304%
β
Best Day
+$8.44
Oct 23
βOpen Interest
Polymarket$865.1K
Ondo$722.8Kβ‘Funding APR
+11.09%
annualized Β· funding only
β Execution Cost
β$27.97
entry + exit fees
β±Payback
9.2d
to break even
β§24h Volume
PolymarketβOndo$340.3KLoading 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$27.97 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.