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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−1.84%
7d Period Avg+20.17%
swing±21.19%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Pionex · nowCRCLX_USDT_PERP
−1.84%
7d avg:+20.17%
Entry Spread Now
+0.135%
In your favorL 88.7900 · S 88.9100+$13.52 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
+$15.53
+0.16%
$Avg Daily PnL
+$5.52
+0.0552%
★Best Day
+$10.37
Sep 26
◎Open Interest
Phemex$1.00M
Pionex$2.41M⚡Funding APR
+20.16%
annualized · funding only
⚠Execution Cost
−$23.13
entry + exit fees
⏱Payback
4.2d
to break even
◧24h Volume
Phemex$52.7KPionex$1.28MLoading 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 (−$23.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.