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updated —GOOGL Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~183d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.33%
3d Period Avg+4.39%
swing±5.50%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Pionex · nowGOOGLX_USDT_PERP
+1.33%
3d avg:+4.39%
Entry Spread Now
−0.027%
Against youL ask 294.4100 · S bid 294.3300−$2.72 at entry
24h range −0.26%…+0.14% · median −0.00%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$63.23
−0.63%
$Avg Daily PnL
+$1.20
+0.0120%
★Best Day
+$1.55
Nov 13
◎Open Interest
Phemex$2.64M
Pionex$2.17M⚡Funding APR
+4.38%
annualized · funding only
⚠Execution Cost
−$66.83
entry + exit fees
⏱Payback
1.9mo
to break even
◧24h Volume
Phemex$74.7KPionex$2.58MLoading 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 (−$66.83 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.