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updated —TAO 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
−0.32%
7d Period Avg+20.29%
swing±23.59%
LONG Phemex · now
+1.35%
7d avg:−11.85%
SHORT Pionex · nowTAO_USDT_PERP
+1.04%
7d avg:+8.44%
Entry Spread Now
+0.010%
In your favorL ask 207.5000 · S bid 207.5200+$0.96 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
+$8.05
+0.08%
$Avg Daily PnL
+$5.55
+0.0555%
★Best Day
+$16.72
Nov 8
◎Open Interest
Phemex$2.32M
Pionex$1.29M⚡Funding APR
+20.27%
annualized · funding only
⚠Execution Cost
−$30.83
entry + exit fees
⏱Payback
5.5d
to break even
◧24h Volume
Phemex$7.44MPionex$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 (−$30.83 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.