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updated —MU Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~19d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.98%
3d Period Avg+4.68%
swing±9.30%
LONG Pionex · nowMUX_USDT_PERP
+2.98%
3d avg:+6.28%
SHORT Phemex · nowMUXUSDT
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.009%
Against youL ask 767.9000 · S bid 767.8300−$0.91 at entry
24h range −0.37%…+0.36% · median +0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$38.08
−0.38%
$Avg Daily PnL
+$1.28
+0.0128%
★Best Day
+$2.55
Nov 13
◎Open Interest
Pionex$2.25M
Phemex$1.62M⚡Funding APR
+4.67%
annualized · funding only
⚠Execution Cost
−$41.92
entry + exit fees
⏱Payback
1.1mo
to break even
◧24h Volume
Pionex$10.02MPhemex$1.37MLoading 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 (−$41.92 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.