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updated —BRENT Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1027d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.61%
3d Period Avg+103.96%
swing±113.78%
LONG Pionex · nowBRENTOIL_USDT_PERP
−0.61%
3d avg:−103.96%
SHORT Phemex · nowXBRUSDT
+0.00%
3d avg:+0.00%
Entry Spread Now
+0.257%
In your favorL ask 93.4800 · S bid 93.7200+$25.67 at entry
24h range −0.25%…+0.49% · median +0.25%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$86.27
−0.86%
$Avg Daily PnL
+$28.46
+0.2846%
★Best Day
+$44.53
Nov 12
◎Open Interest
Pionex$1.49M
Phemex$1.96M⚡Funding APR
+103.89%
annualized · funding only
⚠Execution Cost
−$171.65
entry + exit fees
⏱Payback
6.0d
to break even
◧24h Volume
Pionex$1.65MPhemex$46.4KLoading 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 (−$171.65 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.