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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%
7d Period Avg+46.38%
swing±21.69%
LONG Pionex · nowTAO_USDT_PERP
+10.96%
7d avg:+11.50%
SHORT Coinbase International · nowTAO-PERP
+57.86%
7d avg:+57.88%
Entry Spread Now
−0.248%
Against youL 318.9800 · S 318.1900−$24.77 if it converges
24h range −0.11%…+0.78% · median +0.14%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
+$70.89
+0.71%
$Avg Daily PnL
+$12.70
+0.1270%
★Best Day
+$21.53
Sep 21
◎Open Interest
Pionex$1.10M
Coinbase International$592.0K⚡Funding APR
+46.35%
annualized · funding only
⚠Execution Cost
−$18.00
entry + exit fees
⏱Payback
1.4d
to break even
◧24h Volume
Pionex$3.74MCoinbase International$2.10MLoading 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.