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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 ~55d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.54%
3d Period Avg+20.33%
swing±30.62%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Pionex · nowCRCLX_USDT_PERP
+1.54%
3d avg:+20.33%
Entry Spread Now
−0.195%
Against youL 88.4400 · S 88.2671−$19.55 if it converges
24h range −0.15%…+0.11% · median −0.01%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$6.44
−0.06%
$Avg Daily PnL
+$5.57
+0.0557%
★Best Day
+$10.37
Sep 26
◎Open Interest
Phemex$1.00M
Pionex$2.39M⚡Funding APR
+20.32%
annualized · funding only
⚠Execution Cost
−$23.14
entry + exit fees
⏱Payback
4.2d
to break even
◧24h Volume
Phemex$52.8KPionex$1.44MLoading 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 (−$23.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.