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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+46.90%
3d Period Avg+36.57%
swing±9.62%
LONG Pionex · nowTAO_USDT_PERP
+10.96%
3d avg:+10.87%
SHORT Coinbase International · nowTAO-PERP
+57.86%
3d avg:+47.44%
Entry Spread Now
+0.275%
In your favorL 315.7421 · S 316.6100+$27.49 if it converges
24h range −0.25%…+0.78% · median +0.14%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
+$12.07
+0.12%
$Avg Daily PnL
+$10.02
+0.1002%
★Best Day
+$11.63
Sep 27
◎Open Interest
Pionex$1.11M
Coinbase International$604.2K⚡Funding APR
+36.58%
annualized · funding only
⚠Execution Cost
−$18.00
entry + exit fees
⏱Payback
1.8d
to break even
◧24h Volume
Pionex$3.94MCoinbase International$2.13MLoading 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 (−$18.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.