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updated —PIPPIN Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+27.55%
swing±82.50%
LONG OKX · nowPIPPIN-USDT-SWAP
+10.96%
7d avg:+25.44%
SHORT MEXC · now
+10.96%
7d avg:+52.99%
Entry Spread Now
−0.168%
Against youL 0.01193 · S 0.01191−$16.76 if it converges
24h range −0.41%…+0.00% · median −0.17%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0.020%
Loading Funding History…
↗Total PnL
+$38.80
+0.39%
$Avg Daily PnL
+$7.54
+0.0754%
★Best Day
+$20.77
Nov 13
◎Open Interest
OKX$1.05M
MEXC$517.0K⚡Funding APR
+27.53%
annualized · funding only
⚠Execution Cost
−$14.00
entry + exit fees
⏱Payback
1.9d
to break even
◧24h Volume
OKX$804.2KMEXC$148.7KLoading 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 (−$14.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.