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updated —PAXG Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.44%
3d Period Avg+2.54%
swing±3.98%
LONG Pionex · nowPAXG_USDT_PERP
+10.96%
3d avg:+7.98%
SHORT Lighter · now
+10.52%
3d avg:+10.52%
Entry Spread Now
+0.008%
NeutralL 3,867.46 · S 3,867.78
24h range −0.04%…+0.11% · median +0.05%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$7.98
−0.08%
$Avg Daily PnL
+$0.68
+0.0068%
★Best Day
+$1.54
Nov 12
◎Open Interest
Pionex$3.49M
Lighter$1.64M⚡Funding APR
+2.49%
annualized · funding only
⚠Execution Cost
−$10.03
entry + exit fees
⏱Payback
14.7d
to break even
◧24h Volume
Pionex$803.5KLighter$855.8KLoading 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 (−$10.03 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.