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updated —AAVE Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~35d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.42%
7d Period Avg+5.20%
swing±2.22%
LONG Pionex · nowAAVE_USDT_PERP
+7.54%
7d avg:+5.76%
SHORT Phemex · now
+10.96%
7d avg:+10.96%
Entry Spread Now
+0.009%
NeutralL 107.0300 · S 107.0400
24h range −0.29%…+0.53% · median +0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$23.19
−0.23%
$Avg Daily PnL
+$1.42
+0.0142%
★Best Day
+$2.12
Nov 13
◎Open Interest
Pionex$727.3K
Phemex$2.99M⚡Funding APR
+5.19%
annualized · funding only
⚠Execution Cost
−$33.15
entry + exit fees
⏱Payback
23.3d
to break even
◧24h Volume
Pionex$3.76MPhemex$3.32MLoading 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 (−$33.15 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.