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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 ~3.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+26.96%
3d Period Avg+9.23%
swing±22.11%
LONG Coinbase International · nowCRCL-PERP
−25.42%
3d avg:+11.10%
SHORT Pionex · nowCRCLX_USDT_PERP
+1.54%
3d avg:+20.33%
Entry Spread Now
+0.000%
NeutralL ask 88.0300 · S bid 88.0300
24h range −0.09%…+0.26% · median +0.09%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.040%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$18.14
−0.18%
$Avg Daily PnL
+$2.07
+0.0207%
★Best Day
+$6.68
Sep 26
◎Open Interest
Coinbase International$1.18M
Pionex$2.39M⚡Funding APR
+7.54%
annualized · funding only
⚠Execution Cost
−$24.34
entry + exit fees
⏱Payback
11.8d
to break even
◧24h Volume
Coinbase International$29.2KPionex$1.44MLoading 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 (−$24.34 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.