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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 ~2.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+56.54%
7d Period Avg+20.98%
swing±30.65%
LONG Coinbase International · nowMSTR-PERP
−54.35%
7d avg:−2.09%
SHORT Pionex · nowMSTRX_USDT_PERP
+2.19%
7d avg:+18.89%
Entry Spread Now
+0.069%
In your favorL ask 160.6800 · S bid 160.7900+$6.85 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
+$10.17
+0.10%
$Avg Daily PnL
+$5.89
+0.0589%
★Best Day
+$11.99
Sep 23
◎Open Interest
Coinbase International$665.5K
Pionex$7.77M⚡Funding APR
+21.50%
annualized · funding only
⚠Execution Cost
−$31.07
entry + exit fees
⏱Payback
5.3d
to break even
◧24h Volume
Coinbase International$126.4KPionex$6.01MLoading 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 (−$31.07 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.