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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 ~3.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+30.85%
3d Period Avg+5.31%
swing±14.74%
LONG Pionex · nowTRX_USDT_PERP
−50.04%
3d avg:−28.52%
SHORT Phemex · now
−19.19%
3d avg:−23.21%
Entry Spread Now
+0.000%
NeutralL ask 0.3331 · S bid 0.3331
24h range −0.05%…+0.10% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$28.98
−0.29%
$Avg Daily PnL
+$1.45
+0.0145%
★Best Day
+$2.55
Sep 28
◎Open Interest
Pionex$1.97M
Phemex$3.66M⚡Funding APR
+5.31%
annualized · funding only
⚠Execution Cost
−$33.34
entry + exit fees
⏱Payback
22.9d
to break even
◧24h Volume
Pionex$585.3KPhemex$844.7KLoading 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 (−$33.34 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.