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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 ~2.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+37.90%
3d Period Avg+15.69%
swing±29.69%
LONG Coinbase International · nowMSTR-PERP
−36.82%
3d avg:−8.86%
SHORT Pionex · nowMSTRX_USDT_PERP
+1.08%
3d avg:+6.83%
Entry Spread Now
+0.044%
In your favorL ask 160.2300 · S bid 160.3000+$4.37 at entry
24h range +0.01%…+0.39% · median +0.16%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.040%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$17.35
−0.17%
$Avg Daily PnL
+$3.74
+0.0374%
★Best Day
+$5.19
Sep 26
◎Open Interest
Coinbase International$666.6K
Pionex$6.35M⚡Funding APR
+13.67%
annualized · funding only
⚠Execution Cost
−$28.58
entry + exit fees
⏱Payback
7.6d
to break even
◧24h Volume
Coinbase International$126.4KPionex$7.84MLoading 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 (−$28.58 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.