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updated —MSTR 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
−2.41%
3d Period Avg+11.51%
swing±12.26%
LONG Pionex · nowMSTRX_USDT_PERP
+2.41%
3d avg:+1.19%
SHORT HTX · nowMSTRX-USDT
+0.00%
3d avg:+12.70%
Entry Spread Now
+0.000%
NeutralL ask 107.5300 · S bid 107.5300
24h range −0.21%…+0.60% · median +0.04%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$18.28
−0.18%
$Avg Daily PnL
+$3.15
+0.0315%
★Best Day
+$4.74
Nov 14
◎Open Interest
⚡Funding APR
+11.50%
annualized · funding only
⚠Execution Cost
−$27.73
entry + exit fees
⏱Payback
8.8d
to break even
◧24h Volume
Loading 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 (−$27.73 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.