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updated —SPY Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~48d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.38%
7d Period Avg+5.83%
swing±10.95%
LONG Pionex · nowSPYX_USDT_PERP
−1.38%
7d avg:+3.47%
SHORT Aster · now
+0.00%
7d avg:+9.30%
Entry Spread Now
+0.022%
Eaten by executionL 751.9875 · S 752.1558+$2.24 if it converges
24h range −0.16%…+0.12% · median +0.02%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
−$6.96
−0.07%
$Avg Daily PnL
+$1.60
+0.0160%
★Best Day
+$4.40
Nov 11
◎Open Interest
Pionex$1.26M
Aster$952.5K⚡Funding APR
+5.82%
annualized · funding only
⚠Execution Cost
−$18.13
entry + exit fees
⏱Payback
11.4d
to break even
◧24h Volume
Pionex$1.85MAster$874.5KLoading 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 (−$18.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.