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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 ~976d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.61%
7d Period Avg+102.60%
swing±108.78%
LONG Pionex · nowBRENTOIL_USDT_PERP
−0.61%
7d avg:−102.60%
SHORT Phemex · nowXBRUSDT
+0.00%
7d 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 +0.24%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$33.50
+0.33%
$Avg Daily PnL
+$28.09
+0.2809%
★Best Day
+$51.82
Nov 11
◎Open Interest
Pionex$1.49M
Phemex$1.96M⚡Funding APR
+102.53%
annualized · funding only
⚠Execution Cost
−$163.14
entry + exit fees
⏱Payback
5.8d
to break even
◧24h Volume
Pionex$1.75MPhemex$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 (−$163.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.