cross_venue_funding_spread_gmx_vs_hl

not live
398
closed trades
33%
win rate
-589.36
total pnl ($)
0.383
weight
7d window — n=93 wr=31% pnl=-136.90  ·  venues=(unknown)  ·  horizon=  ·  SL=  ·  TP=  ·  class=? in ?

Backtest evidence run: 2026-06-04 02:39:28 (24.5d ago) · src: canon
verdict: REJECT  ·  strict: STRICT-FAIL  ·  batch: gp
n: 324  ·  wr: 39.2%  ·  total_bps: -6492.4  ·  mean_bps: -20.04  ·  sharpe: -0.20  ·  max_dd_bps: -6711.6
gate: min_trades=— min_wr=— min_total_bps=— min_sharpe=— effective_days=—

Cumulative P&L (last 100 closed)


Last 100 trades

timesymsideentry→exitpnlclose
06-28 14:01SOLSell71.5173→71.7758-2.23timeout
06-28 11:02ARBBuy0.0734984→0.0741515+3.99timeout
06-28 10:09BTCBuy59975→60158+1.07timeout
06-28 09:01LINKSell7.28748→7.32653-3.12timeout
06-28 08:19SOLSell70.6994→71.1557-3.70timeout
06-28 07:03ARBBuy0.0736784→0.0734516-2.01timeout
06-28 06:08BTCBuy60251→59928-3.13timeout
06-28 02:01SOLSell70.8344→70.9206-1.07timeout
06-27 23:15BTCBuy60570→60029-4.91timeout
06-27 22:16ARBBuy0.0739485→0.0729053-7.50stop_loss
06-27 20:12LINKSell7.45074→7.33923+7.04timeout
06-27 19:12BTCBuy60874→60570-2.94timeout
06-27 18:01ARBBuy0.0755889→0.0745041-7.62stop_loss
06-27 14:04BTCBuy60377→60495+0.53timeout
06-27 10:02SOLSell71.7102→71.8388-1.34timeout
06-27 08:05ARBBuy0.0754389→0.0749413-3.71timeout
06-27 08:04BTCBuy60319→60440+0.54timeout
06-27 07:00LINKSell7.38795→7.38385-0.19timeout
06-27 05:02SOLSell71.6433→71.9448-2.58timeout
06-27 04:00ARBBuy0.0743586→0.0752912+5.80timeout
06-26 22:04SOLSell73.259→71.6687+10.42take_profit
06-26 21:02ARBBuy0.0739385→0.0738015-1.37timeout
06-26 14:00ARBBuy0.0715979→0.0731417+10.33take_profit
06-26 13:55ETHSell1535.55→1556.63-7.32stop_loss
06-26 12:17LINKSell7.27748→7.1818+6.15timeout
06-26 12:17BTCSell60227→59579+4.94timeout
06-26 08:47ARBBuy0.0739785→0.0729053-7.71stop_loss
06-26 06:09LINKSell7.15221→7.16009-0.98timeout
06-26 03:53ARBBuy0.0709377→0.0724919+10.51take_profit
06-26 03:45ETHSell1521.05→1542.12-7.38stop_loss
06-26 03:39BTCSell58616.1→59414.7-7.27stop_loss
06-26 02:01BTCSell60090→59377+5.48timeout
06-26 01:53ARBBuy0.0732883→0.0724619-6.08timeout
06-25 23:30LINKSell7.1923→7.29507-7.58stop_loss
06-25 21:32SOLSell66.0651→66.9855-7.43stop_loss
06-25 21:00ARBBuy0.0724381→0.072112-2.70timeout
06-25 14:09SOLSell65.1232→66.0269-7.39stop_loss
06-25 14:08BTCSell58618.1→59417.7-7.27stop_loss
06-25 13:05SOLSell69.0646→68.1742+6.00timeout
06-25 13:04BTCSell61664.9→61227.1+3.10timeout
06-25 11:06ARBBuy0.0770393→0.075923-7.69stop_loss
06-25 10:45ETHBuy1654.87→1632.02-7.36stop_loss
06-25 09:07ARBBuy0.0769492→0.0769608-0.39timeout
06-25 05:02LINKSell7.39885→7.50262-7.46stop_loss
06-25 05:02SOLSell67.6998→68.6376-7.39stop_loss
06-25 04:03ARBBuy0.076059→0.0754911-4.19timeout
06-25 03:03SOLSell67.7788→67.7332-0.13timeout
06-25 03:03LINKSell7.39975→7.41745-1.62timeout
06-24 20:06ARBBuy0.0737684→0.0754611+11.03take_profit
06-24 20:06SOLSell66.1901→67.1076-7.39stop_loss
06-24 20:06LINKSell7.23299→7.3345-7.47stop_loss
06-24 18:22ETHSell1561.44→1583.05-7.37stop_loss
06-24 16:47LINKSell7.50222→7.33673+10.58take_profit
06-24 15:47SOLSell68.8147→67.3101+10.48take_profit
06-24 15:37ARBBuy0.0771993→0.0761129-7.48stop_loss
06-24 11:49LINKSell7.5837→7.69877-8.03stop_loss
06-24 11:49SOLSell69.0276→69.9845-7.38stop_loss
06-24 10:10SOLSell69.8925→69.1274+5.01timeout
06-24 09:12ETHBuy1670.77→1668.13-1.25timeout
06-24 08:06LINKSell7.57121→7.6067-2.81timeout
06-24 08:00ARBSell0.0779805→0.0783396-2.86timeout
06-24 06:09SOLSell69.8625→69.8965-0.74timeout
06-24 05:06ETHBuy1666.27→1667.63-0.03timeout
06-24 02:39ARBBuy0.0792198→0.0781014-7.48stop_loss
06-24 01:37SOLSell69.4466→70.4057-7.40stop_loss
06-24 01:03ETHBuy1663.27→1668.53+1.14timeout
06-23 22:07SOLSell68.7077→69.4174-5.65timeout
06-23 19:00ETHBuy1660.07→1654.83-2.02timeout
06-23 19:00ARBSell0.0790802→0.0781795+5.21timeout
06-23 18:02SOLSell69.2316→68.8393+2.35timeout
06-23 14:01SOLSell68.9187→69.2264-2.73timeout
06-23 08:13SOLSell70.8334→69.1904+11.11take_profit
06-23 06:08ETHBuy1725.97→1702.28-7.31stop_loss
06-23 06:08ARBBuy0.0820605→0.0808793-7.64stop_loss
06-23 04:44ARBBuy0.0833408→0.0821683-7.44stop_loss
06-23 04:43SOLSell71.6672→71.7968-1.40timeout
06-23 04:25ETHBuy1722.27→1726.23+0.69timeout
06-23 04:19BTCBuy63918.2→63959.8-0.12timeout
06-23 00:18BTCBuy64483.2→63900.8-4.95timeout
06-22 22:28ARBBuy0.083981→0.0827879-7.54stop_loss
06-22 20:20BTCBuy64731.2→64468.8-2.48timeout
06-22 18:55ARBBuy0.0850313→0.0838271-7.54stop_loss
06-22 18:28SOLSell73.7789→73.299+2.80timeout
06-22 16:13BTCBuy64737.2→64686.8-0.83timeout
06-22 14:05ARBBuy0.0854314→0.0863584+5.01timeout
06-22 12:08BTCBuy64155.2→64691.8+3.71timeout
06-22 10:04ARBBuy0.083881→0.0853387+8.25timeout
06-22 07:26SOLSell73.344→74.3573-7.35stop_loss
06-22 06:00BTCBuy64608.2→64206.8-3.56timeout
06-22 01:26ARBBuy0.0832608→0.0851087+10.65take_profit
06-22 01:23SOLSell73.053→74.1141-7.71stop_loss
06-21 18:01ARBBuy0.0844411→0.0832275-7.64stop_loss
06-21 16:01ARBBuy0.0836809→0.0843589+3.58timeout
06-21 13:13ETHBuy1727.37→1725.43-1.00timeout
06-21 12:01ARBBuy0.0835409→0.0836391+0.12timeout
06-21 06:17ETHBuy1736.27→1734.43-0.98timeout
06-21 06:06BTCBuy64219.2→64163.8-0.88timeout
06-21 05:04ARBBuy0.084081→0.0828678-7.66stop_loss
06-21 02:14ETHBuy1738.97→1735.73-1.40timeout
06-21 02:04BTCBuy63997.2→64202.8+1.15timeout

Paper vs Live

Paper (trades.jsonl)
398
closed
33%
win rate
-589.36
total pnl ($)
-29.6 bps
avg bps net
Live (dry_run=0)
0
closed
win rate
total pnl ($)
avg bps net
Live: 0 trades, insufficient sample

Per-symbol breakdown (paper)

symbolnwrnet bpstotal pnl ($)
ARB12734%-30.7-194.83
BTC9837%-18.3-89.74
SOL8635%-24.9-108.07
ETH5730%-34.4-97.86
LINK3013%-65.9-98.86

Recent bounces (last 20 of 0)

timesymsidereason
no bounces recorded

Postmortem feed (last 10)

timesymsidepnlnarrative
05-10 02:23BTCSell+0.13BTC was in a mild uptrend across multiple timeframes with negative funding, suggesting short positioning was crowded. The short thesis failed because the market continued grinding higher, and the trade was closed by timeout without reaching a profitable exit.
05-09 20:03BTCSell-3.00BTC was trading in a narrow range with low volatility, showing slight hourly gains but a weekly decline. The short thesis failed because the market did not move decisively within the timeout period, leading to a small loss from funding costs.
05-09 16:03BTCSell-1.44The market was in a mild downtrend with low volatility, as BTC slipped 1.4% over 24 hours while funding remained neutral. The thesis failed because the trade was closed by timeout before the expected move materialized, likely due to the lack of directional …
05-08 06:01BTCSell+1.25The market was in a low-funding, sideways consolidation with moderate open interest. The thesis failed because the trade was closed due to a timeout, indicating the expected directional move did not materialize within the allotted time.
05-08 02:00BTCSell-0.61The market was in a low-funding, sideways consolidation with no clear directional momentum. The thesis failed because the trade expired without a favorable move, as the timeout close_reason indicates the position was closed due to time expiration rather tha…
05-06 17:50BTCBuy-2.31BTC was declining over multiple timeframes with negative funding and falling open interest. The thesis failed because the trade was closed by timeout before the anticipated reversal materialized in the persistent downtrend.
05-03 03:01BTCBuy-4.65# Trade Analysis: GMX vs HL Funding Spread Fade BTC was consolidating near $78,100 with modest positive funding rates (0.004146%) across major venues, suggesting balanced long/short positioning with no acute leverage extremes that would typically reverse s…
05-02 23:00BTCBuy+1.75# Trade Close Analysis The BTC market at close was exhibiting normalized funding rates (0.0157% on GMX/HL) after the initial mispricing that created the trade setup, with open interest stable at $3.98B across venues. The thesis partially worked—the 44.12 b…
05-02 17:01BTCBuy+0.86BTC was flat to slightly negative in the 1-hour window at close ($78,406, -0.13% 1h) after a modest 24-hour gain, while funding rates had compressed to -0.004464%, indicating the GMX-side crowding that triggered the trade had partially unwound. The thesis f…
05-02 11:01BTCBuy-1.52The Bitcoin market was essentially flat to slightly positive at the time of close ($78,182, +1.22% on the day), with funding rates compressing sharply toward zero (0.0006%) after the trade's initial -0.0234% spread gap, indicating convergence between venues…