cross_venue_funding_spread_gmx_vs_bybit

not live
343
closed trades
42%
win rate
-67.48
total pnl ($)
0.913
weight
7d window — n=76 wr=33% pnl=-51.90  ·  venues=(unknown)  ·  horizon=  ·  SL=  ·  TP=  ·  class=? in ?

Backtest evidence run: 2026-06-04 02:39:28 (23.7d ago) · src: canon
verdict: REJECT  ·  strict: STRICT-FAIL  ·  batch: gp
n: 298  ·  wr: 46.3%  ·  total_bps: +325.5  ·  mean_bps: +1.09  ·  sharpe: +0.01  ·  max_dd_bps: -2440.7
gate: min_trades=— min_wr=— min_total_bps=— min_sharpe=— effective_days=—

Cumulative P&L (last 100 closed)


Last 100 trades

timesymsideentry→exitpnlclose
06-27 17:44ARBBuy0.0756589→0.0747713-6.31timeout
06-27 14:14SOLSell71.6712→72.6672-7.40stop_loss
06-27 12:01LINKSell7.37566→7.35864+0.70timeout
06-27 12:01BTCBuy60459→60323-1.58timeout
06-27 09:34ARBBuy0.0747087→0.0742314-3.62timeout
06-27 08:15SOLSell72.2322→72.2438-0.53timeout
06-27 05:46ARBBuy0.0745186→0.0747413+1.02timeout
06-27 04:17SOLSell72.2522→72.3048-0.84timeout
06-27 01:44ARBBuy0.0742085→0.0745414+1.77timeout
06-26 20:46ARBBuy0.0739585→0.0737816-1.64timeout
06-26 20:04LINKSell7.36386→7.36154-0.29timeout
06-26 13:57ARBBuy0.0713778→0.0729118+10.29take_profit
06-26 10:51LINKSell7.31117→7.15359+10.34take_profit
06-26 09:51ARBBuy0.0731283→0.0720959-7.51stop_loss
06-26 07:28ARBBuy0.0725881→0.0741515+10.30take_profit
06-26 01:33ARBBuy0.0734184→0.0723557-7.69stop_loss
06-26 00:02ARBBuy0.0725681→0.0731717+3.75timeout
06-25 20:12SOLSell66.569→66.522-0.11timeout
06-25 20:00ETHBuy1571.96→1561.44-3.80timeout
06-25 16:56ARBBuy0.0732683→0.0721758-7.89stop_loss
06-25 14:33BTCSell59276→60096-7.37stop_loss
06-25 13:45LINKSell7.42814→7.26712+10.38take_profit
06-25 12:10LINKSell7.52312→7.44216+4.92timeout
06-25 11:06ETHBuy1652.97→1630.32-7.30stop_loss
06-25 10:46ARBBuy0.0772893→0.0761928-7.54stop_loss
06-25 04:56SOLSell67.4419→68.3924-7.50stop_loss
06-25 04:17ARBBuy0.0762591→0.0754211-5.94timeout
06-24 20:06SOLSell66.2691→67.1977-7.46stop_loss
06-24 20:06LINKSell7.22739→7.32949-7.51stop_loss
06-24 17:20LINKSell7.36866→7.2073+10.49take_profit
06-24 17:19SOLSell67.4209→65.9559+10.42take_profit
06-24 17:13ETHSell1618.04→1582.66+10.48take_profit
06-24 16:51ARBSell0.0754711→0.0737984+10.63take_profit
06-24 13:32LINKSell7.5983→7.52688+4.27timeout
06-24 12:03ARBSell0.0783404→0.0786096-2.16timeout
06-24 11:49SOLSell69.4826→70.4458-7.39stop_loss
06-24 05:37SOLSell69.2506→70.2086-7.38stop_loss
06-24 04:38LINKSell7.65419→7.56629+5.28timeout
06-24 04:33SOLSell69.7995→69.3074+3.03timeout
06-24 04:09ETHBuy1670.97→1664.03-2.52timeout
06-24 01:26ARBBuy0.0792298→0.0787903-3.17timeout
06-24 00:00LINKSell7.5784→7.63811-4.40timeout
06-23 22:17SOLSell68.8807→69.8354-7.40stop_loss
06-23 20:29SOLSell69.0026→68.9863-0.37timeout
06-23 20:15ETHBuy1667.57→1663.13-1.78timeout
06-23 20:04ARBSell0.0782804→0.0787897-3.70timeout
06-23 16:20SOLSell69.1376→69.1114-0.29timeout
06-23 14:20LINKSell7.56311→7.67175-7.64stop_loss
06-23 13:02LINKSell7.53242→7.58119-3.73timeout
06-23 12:18SOLSell68.5817→69.0874-4.20timeout
06-23 08:17ARBBuy0.0792398→0.0781214-7.51stop_loss
06-23 06:18SOLSell71.8892→70.3215+10.43take_profit
06-23 04:12SOLSell71.7692→71.7928-0.67timeout
06-23 04:00ARBBuy0.0831208→0.0826993-2.92timeout
06-23 03:59BTCBuy64015.2→64030.8-0.33timeout
06-22 22:28SOLSell72.7241→71.1307+10.49take_profit
06-22 20:06SOLSell72.9221→72.9009-0.33timeout
06-22 20:06ARBBuy0.0843311→0.083799-3.59timeout
06-22 13:50BTCBuy64133.2→65537.7+10.48take_profit
06-22 12:10ARBBuy0.0849712→0.0859085+5.10timeout
06-22 11:06LINKSell7.95471→8.06675-7.48stop_loss
06-22 01:23ARBBuy0.0824306→0.0842089+10.34take_profit
06-22 01:18LINKSell7.81904→7.93004-7.55stop_loss
06-22 01:18SOLSell72.6711→73.6749-7.36stop_loss
06-21 21:09ARBBuy0.0837009→0.0825181-7.53stop_loss
06-21 16:43ARBBuy0.0835109→0.0836491+0.38timeout
06-21 12:10ARBBuy0.0834809→0.0836191+0.36timeout
06-21 06:47ARBBuy0.0837909→0.0833192-3.26timeout
06-21 06:07ETHBuy1736.87→1732.63-1.68timeout
06-21 04:08BTCBuy64234.2→64359.8+0.53timeout
06-21 04:03LINKSell7.97501→7.97089-0.18timeout
06-21 02:45ARBBuy0.0847412→0.0837091-6.56timeout
06-21 02:04ETHBuy1735.47→1737.03-0.02timeout
06-20 22:41ARBBuy0.0831008→0.0844889+7.88timeout
06-20 20:21ETHBuy1735.87→1729.83-2.20timeout
06-20 20:01BTCBuy63995.2→63939.8-0.88timeout
06-20 16:18ETHBuy1729.57→1737.43+1.81timeout
06-20 15:18ARBBuy0.0822706→0.084079+10.54take_profit
06-20 12:16ETHBuy1725.77→1728.43+0.30timeout
06-20 12:10ARBSell0.084079→0.083871+0.78timeout
06-20 12:04BTCBuy63607.2→63659.8-0.04timeout
06-20 05:10ARBSell0.0828693→0.084093-7.87stop_loss
06-20 04:05ETHBuy1709.57→1707.43-1.08timeout
06-20 00:57ARBBuy0.0837009→0.0836691-0.60timeout
06-19 19:33ARBBuy0.084061→0.0828778-7.49stop_loss
06-19 13:41ARBBuy0.0824106→0.0841889+10.34take_profit
06-19 12:02ARBSell0.0829193→0.0828107+0.19timeout
06-19 04:02ARBBuy0.0852613→0.0840469-7.57stop_loss
06-18 23:53ARBBuy0.0836009→0.0851187+8.60timeout
06-18 20:01ETHSell1688.53→1711.73-7.31stop_loss
06-18 19:54LINKSell7.82844→7.93975-7.56stop_loss
06-18 15:37ARBBuy0.084211→0.0829977-7.67stop_loss
06-18 15:23SOLSell71.6493→70.0855+10.46take_profit
06-18 13:53BTCBuy64240.2→64050.8-1.92timeout
06-18 12:12SOLSell71.7882→71.0086+4.97timeout
06-18 12:06ARBBuy0.0850613→0.0842289-5.37timeout
06-18 12:06LINKSell8.0169→8.0051+0.28timeout
06-18 08:06SOLSell71.4293→71.7108-2.45timeout
06-18 07:37ETHSell1728.83→1752.95-7.43stop_loss
06-18 04:13BTCBuy64598.2→63961.8-5.38timeout

Paper vs Live

Paper (trades.jsonl)
343
closed
42%
win rate
-67.48
total pnl ($)
-3.8 bps
avg bps net
Live (dry_run=0)
0
closed
win rate
total pnl ($)
avg bps net
Live: 0 trades, insufficient sample

Per-symbol breakdown (paper)

symbolnwrnet bpstotal pnl ($)
ARB13447%+9.3+61.56
LINK6749%-4.4-15.13
SOL6534%-14.9-49.25
ETH4333%-21.4-46.04
BTC3432%-10.9-18.62

Recent bounces (last 20 of 2)

timesymsidereason
06-27 16:18LINKSellcircuit_breaker
06-27 12:10SOLSellcircuit_breaker

Postmortem feed (last 10)

timesymsidepnlnarrative
05-10 04:06ETHSell-1.15The market was in a low-volatility, sideways grind with neutral funding and stable open interest. The thesis failed because the trade was prematurely closed by a timeout before the anticipated move materialized, resulting in a small loss from fees or slippage.
05-09 12:01ETHSell-0.76The market was in a broad downtrend with ETH falling 2.74% over 24 hours and 3.75% over 7 days, while funding remained slightly positive. The thesis failed because the short position was closed by timeout before the downtrend could fully materialize, result…
05-08 12:04ETHSell-3.90ETH traded in a narrow range with slight bearish bias, showing low volatility and weak momentum across timeframes. The thesis failed because the trade was closed by timeout without reaching target or stop, as the market lacked directional conviction to trig…
05-06 20:01BTCBuy-2.01The market was in a short-term uptrend with BTC gaining 0.46% on the hour, but the broader 24-hour and 7-day trends remained negative. The thesis failed because the trade was not executed (entry=None) and was closed due to a timeout, resulting in a small ne…
05-04 17:53BTCSell-7.24The market was in a short-term consolidation phase within a broader weekly uptrend, characterized by neutral funding rates and high open interest. The trade thesis failed because price action immediately breached the defined support level, triggering the st…
05-03 04:01BTCBuy-3.79Bitcoin was ranging tightly around $78.6k with minimal directional momentum (1h +0.11%, 24h +0.38%), while funding rates had compressed sharply to +0.007114%—eroding the -2.42 basis point GMX-versus-Bybit spread that initially justified the fade. The thesis…
05-01 04:13BTCSell-4.70# Trade Analysis: GMX vs Bybit BTC Funding Spread Bitcoin was consolidating near $77,126 with mild downward pressure (−0.28% in the last hour) and a slightly negative weekly trend (−1.31% over 7 days), while funding rates had compressed to −0.0115% system-…
04-26 20:02BTCSell-1.68The market closed with BTC flat over the hour at $78,252 while maintaining modest 24-hour and weekly gains of 1.18% and 4.62%, respectively. The trade's thesis failed because the 2.1% funding spread advantage that justified the short position evaporated as …
04-26 00:10BTCSell-1.80Bitcoin was trading sideways near $77,513 with minimal intraday movement (-0.09% in the past hour) while maintaining modest weekly gains of 2.36%. The thesis failed because the 2.12 basis point funding spread between GMX and Bybit proved insufficient to ove…
04-25 20:09BTCSell-0.04BTC was essentially flat to slightly negative at close, with the hourly change of +0.03% showing minimal directional momentum and 24-hour decline of -0.27% indicating mild consolidation. The trade thesis failed because the GMX funding premium (+0.0143%) nev…