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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 ~2.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+67.06%
7d Period Avg+59.85%
swing±15.73%
LONG Pionex · nowENA_USDT_PERP
+10.96%
7d avg:+10.96%
SHORT Coinbase International · nowENA-PERP
+78.02%
7d avg:+70.81%
Entry Spread Now
+0.030%
In your favorL ask 0.2697 · S bid 0.2698+$2.97 at entry
24h range −0.04%…+0.58% · median +0.27%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
+$61.97
+0.62%
$Avg Daily PnL
+$16.39
+0.1639%
★Best Day
+$22.80
Sep 27
◎Open Interest
⚡Funding APR
+59.81%
annualized · funding only
⚠Execution Cost
−$52.74
entry + exit fees
⏱Payback
3.2d
to break even
◧24h Volume
Loading 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 (−$52.74 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.