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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 ~7.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.88%
7d Period Avg+3.66%
swing±9.82%
LONG Pionex · nowMUX_USDT_PERP
+0.08%
7d avg:+7.30%
SHORT Phemex · nowMUXUSDT
+10.96%
7d avg:+10.96%
Entry Spread Now
−0.037%
Eaten by executionL 1,090.69 · S 1,090.29−$3.67 if it converges
24h range −0.31%…+0.07% · median −0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$15.08
−0.15%
$Avg Daily PnL
+$1.00
+0.0100%
★Best Day
+$2.75
Sep 27
◎Open Interest
Pionex$2.53M
Phemex$1.57M⚡Funding APR
+3.65%
annualized · funding only
⚠Execution Cost
−$22.09
entry + exit fees
⏱Payback
22.1d
to break even
◧24h Volume
Pionex$1.82MPhemex$662.0KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$22.09 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.