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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 ~396d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.78%
3d Period Avg+6.94%
swing±8.93%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Pionex · nowNVDAX_USDT_PERP
+0.78%
3d avg:+6.94%
Entry Spread Now
−0.009%
Against youL ask 225.2600 · S bid 225.2400−$0.89 at entry
24h range −0.11%…+0.06% · median −0.01%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$78.92
−0.79%
$Avg Daily PnL
+$1.90
+0.0190%
★Best Day
+$3.49
Sep 25
◎Open Interest
Phemex$2.18M
Pionex$1.82M⚡Funding APR
+6.93%
annualized · funding only
⚠Execution Cost
−$84.62
entry + exit fees
⏱Payback
1.5mo
to break even
◧24h Volume
Phemex$29.9KPionex$448.2KLoading 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 (−$84.62 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.