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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 ~11d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+16.78%
3d Period Avg+12.12%
swing±5.76%
LONG Pionex · nowHYPE_USDT_PERP
−5.82%
3d avg:−2.81%
SHORT Phemex · now
+10.96%
3d avg:+9.31%
Entry Spread Now
−0.051%
Against youL ask 91.1510 · S bid 91.1050−$5.05 at entry
24h range −0.09%…+0.18% · median +0.01%
Long pays every4hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$40.94
−0.41%
$Avg Daily PnL
+$3.00
+0.0300%
★Best Day
+$3.54
Sep 27
◎Open Interest
Pionex$4.07M
Phemex$12.50M⚡Funding APR
+10.96%
annualized · funding only
⚠Execution Cost
−$49.95
entry + exit fees
⏱Payback
16.6d
to break even
◧24h Volume
Pionex$8.49MPhemex$672.0KLoading 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 (−$49.95 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.