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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 ~14d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+12.43%
7d Period Avg+3.15%
swing±10.55%
LONG Pionex · nowHYPE_USDT_PERP
−7.58%
7d avg:+3.83%
SHORT Phemex · now
+4.84%
7d avg:+6.98%
Entry Spread Now
−0.060%
Against youL ask 91.3970 · S bid 91.3420−$6.02 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
−$41.47
−0.41%
$Avg Daily PnL
+$0.94
+0.0094%
★Best Day
+$3.54
Sep 27
◎Open Interest
Pionex$4.02M
Phemex$12.54M⚡Funding APR
+3.44%
annualized · funding only
⚠Execution Cost
−$48.06
entry + exit fees
⏱Payback
1.7mo
to break even
◧24h Volume
Pionex$8.18MPhemex$639.8KLoading 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 (−$48.06 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.