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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
−6.26%
3d Period Avg+0.33%
swing±11.18%
LONG Phemex · nowSPCXUSDT
+5.48%
3d avg:+5.48%
SHORT Pionex · nowSPCX_USDT_PERP
−0.78%
3d avg:+5.81%
Entry Spread Now
−0.012%
NeutralL 149.8000 · S 149.7822
24h range −0.13%…+0.08% · median −0.04%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$22.40
−0.22%
$Avg Daily PnL
+$0.09
+0.0009%
★Best Day
+$3.03
Sep 25
◎Open Interest
Phemex$1.55M
Pionex$4.81M⚡Funding APR
+0.33%
annualized · funding only
⚠Execution Cost
−$22.67
entry + exit fees
⏱Payback
8.4mo
to break even
◧24h Volume
Phemex$532.8KPionex$786.1KLoading 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 (−$22.67 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.