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updated —AVAX Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~28d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.19%
7d Period Avg+3.46%
swing±6.47%
LONG Phemex · now
−11.53%
7d avg:−0.23%
SHORT Pionex · nowAVAX_USDT_PERP
−7.34%
7d avg:+3.23%
Entry Spread Now
+0.037%
In your favorL ask 7.9900 · S bid 7.9930+$3.75 at entry
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
−$26.08
−0.26%
$Avg Daily PnL
+$0.95
+0.0095%
★Best Day
+$1.54
Nov 8
◎Open Interest
Phemex$23.46M
Pionex$806.2K⚡Funding APR
+3.45%
annualized · funding only
⚠Execution Cost
−$32.70
entry + exit fees
⏱Payback
1.2mo
to break even
◧24h Volume
Phemex$3.86MPionex$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 (−$32.70 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.