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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 ~4.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+21.75%
3d Period Avg+21.33%
swing±5.08%
LONG Pionex · nowPAXG_USDT_PERP
+8.05%
3d avg:+9.36%
SHORT Coinbase International · nowPAXG-PERP
+29.80%
3d avg:+30.69%
Entry Spread Now
+0.037%
In your favorL ask 4,233.79 · S bid 4,235.36+$3.71 at entry
24h range +0.03%…+0.17% · median +0.10%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
−$7.12
−0.07%
$Avg Daily PnL
+$5.87
+0.0587%
★Best Day
+$6.12
Sep 25
◎Open Interest
Pionex$4.90M
Coinbase International$1.20M⚡Funding APR
+21.41%
annualized · funding only
⚠Execution Cost
−$24.72
entry + exit fees
⏱Payback
4.2d
to break even
◧24h Volume
Pionex$461.5KCoinbase International$166.9KLoading 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 (−$24.72 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.