← Back to Screener
updated —AVAX Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~39d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.05%
3d Period Avg+3.44%
swing±4.42%
LONG Phemex · now
−10.91%
3d avg:−1.51%
SHORT Pionex · nowAVAX_USDT_PERP
−7.86%
3d avg:+1.93%
Entry Spread Now
+0.000%
NeutralL ask 7.9780 · S bid 7.9780
24h range −0.64%…+0.23% · median +0.00%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$29.35
−0.29%
$Avg Daily PnL
+$0.94
+0.0094%
★Best Day
+$1.33
Nov 12
◎Open Interest
Phemex$23.43M
Pionex$813.1K⚡Funding APR
+3.44%
annualized · funding only
⚠Execution Cost
−$32.18
entry + exit fees
⏱Payback
1.1mo
to break even
◧24h Volume
Phemex$3.88MPionex$2.00MLoading Cumulative PnL…
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 (−$32.18 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.