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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+42.60%
swing±20.91%
LONG Phemex · now
+10.96%
3d avg:−42.92%
SHORT Pionex · nowLIT_USDT_PERP
+10.96%
3d avg:−0.32%
Entry Spread Now
−0.114%
Eaten by executionL 4.5810 · S 4.5758−$11.39 if it converges
24h range −0.74%…+0.43% · median −0.02%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$6.56
+0.07%
$Avg Daily PnL
+$11.66
+0.1166%
★Best Day
+$14.21
Sep 26
◎Open Interest
Phemex$1.83M
Pionex$1.25M⚡Funding APR
+42.57%
annualized · funding only
⚠Execution Cost
−$28.43
entry + exit fees
⏱Payback
2.4d
to break even
◧24h Volume
Phemex$2.09MPionex$1.97MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$28.43 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.