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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
−29.37%
7d Period Avg+40.62%
swing±34.46%
LONG Coinbase International · nowLIT-PERP
+40.32%
7d avg:−39.26%
SHORT Pionex · nowLIT_USDT_PERP
+10.96%
7d avg:+1.36%
Entry Spread Now
+0.064%
Eaten by executionL 4.6111 · S 4.6140+$6.35 if it converges
24h range −0.73%…+0.35% · median −0.12%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.040%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$11.21
+0.11%
$Avg Daily PnL
+$10.79
+0.1079%
★Best Day
+$21.25
Sep 24
◎Open Interest
Coinbase International$672.9K
Pionex$1.23M⚡Funding APR
+39.37%
annualized · funding only
⚠Execution Cost
−$64.30
entry + exit fees
⏱Payback
6.0d
to break even
◧24h Volume
Coinbase International$105.8KPionex$2.00MLoading 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 (−$64.30 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.