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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 ~130d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.46%
3d Period Avg+5.96%
swing±7.88%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Pionex · nowGOOGLX_USDT_PERP
+2.46%
3d avg:+5.96%
Entry Spread Now
−0.026%
Against youL ask 343.6000 · S bid 343.5100−$2.62 at entry
24h range −0.11%…+0.02% · median −0.01%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$82.99
−0.83%
$Avg Daily PnL
+$1.63
+0.0163%
★Best Day
+$3.27
Sep 25
◎Open Interest
Phemex$2.63M
Pionex$3.64M⚡Funding APR
+5.95%
annualized · funding only
⚠Execution Cost
−$87.88
entry + exit fees
⏱Payback
1.8mo
to break even
◧24h Volume
Phemex$17.7KPionex$1.52MLoading 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 (−$87.88 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.