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updated —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
−0.78%
3d Period Avg+5.81%
swing±11.18%
LONG HTX · nowSPCX-USDT
+0.00%
3d avg:+0.00%
SHORT Pionex · nowSPCX_USDT_PERP
−0.78%
3d avg:+5.81%
Entry Spread Now
+0.000%
NeutralL ask 149.9500 · S bid 149.9500
24h range −0.06%…+0.06% · median −0.03%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$22.95
−0.23%
$Avg Daily PnL
+$1.59
+0.0159%
★Best Day
+$4.03
Sep 25
◎Open Interest
⚡Funding APR
+5.80%
annualized · funding only
⚠Execution Cost
−$27.72
entry + exit fees
⏱Payback
17.4d
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 (−$27.72 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.