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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 ~430d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.75%
7d Period Avg+11.74%
swing±8.97%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Pionex · nowNVDAX_USDT_PERP
+0.75%
7d avg:+11.74%
Entry Spread Now
−0.004%
NeutralL ask 224.7500 · S bid 224.7400
24h range −0.11%…+0.03% · median −0.01%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$65.91
−0.66%
$Avg Daily PnL
+$3.21
+0.0321%
★Best Day
+$5.86
Sep 25
◎Open Interest
⚡Funding APR
+11.73%
annualized · funding only
⚠Execution Cost
−$88.41
entry + exit fees
⏱Payback
27.5d
to break even
◧24h Volume
Loading 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 (−$88.41 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.