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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 ~53d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.28%
7d Period Avg+21.15%
swing±28.72%
LONG Phemex · now
+7.68%
7d avg:−19.79%
SHORT Pionex · nowLIT_USDT_PERP
+10.96%
7d avg:+1.36%
Entry Spread Now
+0.000%
NeutralL 4.6140 · S 4.6140
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
−$6.75
−0.07%
$Avg Daily PnL
+$5.79
+0.0579%
★Best Day
+$14.21
Sep 26
◎Open Interest
Phemex$1.84M
Pionex$1.23M⚡Funding APR
+21.13%
annualized · funding only
⚠Execution Cost
−$47.28
entry + exit fees
⏱Payback
8.2d
to break even
◧24h Volume
Phemex$2.10MPionex$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 (−$47.28 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.