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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%
7d Period Avg+16.18%
swing±25.89%
LONG Pionex · nowMSTRX_USDT_PERP
+2.41%
7d avg:−0.96%
SHORT HTX · nowMSTRX-USDT
+0.00%
7d avg:+15.22%
Entry Spread Now
−0.019%
Against youL ask 107.5400 · S bid 107.5200−$1.86 at entry
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
+$3.25
+0.03%
$Avg Daily PnL
+$4.43
+0.0443%
★Best Day
+$14.90
Nov 9
◎Open Interest
Pionex$3.37M
HTX$845.7K⚡Funding APR
+16.17%
annualized · funding only
⚠Execution Cost
−$27.76
entry + exit fees
⏱Payback
6.3d
to break even
◧24h Volume
Pionex$9.81MHTX$194.9KLoading 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 (−$27.76 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.