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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~27d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.13%
3d Period Avg+9.09%
swing±17.00%
LONG Pionex · nowBRENTOIL_USDT_PERP
−3.13%
3d avg:−9.09%
SHORT Phemex · nowXBRUSDT
+0.00%
3d avg:+0.00%
Entry Spread Now
+0.012%
NeutralL 98.2285 · S 98.2400
24h range −0.17%…+0.41% · median +0.02%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$15.55
−0.16%
$Avg Daily PnL
+$2.49
+0.0249%
★Best Day
+$3.49
Sep 25
◎Open Interest
⚡Funding APR
+9.08%
annualized · funding only
⚠Execution Cost
−$23.02
entry + exit fees
⏱Payback
9.3d
to break even
◧24h Volume
Loading 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 (−$23.02 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.