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updated —TAO Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~35d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.00%
3d Period Avg+5.70%
swing±10.95%
LONG Phemex · now
−2.31%
3d avg:+1.13%
SHORT Pionex · nowTAO_USDT_PERP
+0.69%
3d avg:+6.83%
Entry Spread Now
+0.019%
In your favorL ask 207.2600 · S bid 207.3000+$1.93 at entry
24h range −0.55%…+0.36% · median −0.01%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$23.75
−0.24%
$Avg Daily PnL
+$1.56
+0.0156%
★Best Day
+$2.88
Nov 12
◎Open Interest
Phemex$2.32M
Pionex$1.29M⚡Funding APR
+5.70%
annualized · funding only
⚠Execution Cost
−$28.44
entry + exit fees
⏱Payback
18.2d
to break even
◧24h Volume
Phemex$7.43MPionex$2.43MLoading 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 (−$28.44 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.