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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 ~4.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+26.94%
7d Period Avg+4.01%
swing±8.17%
LONG Pionex · nowTRX_USDT_PERP
−41.56%
7d avg:−12.27%
SHORT Phemex · now
−14.63%
7d avg:−8.26%
Entry Spread Now
−0.003%
NeutralL ask 0.3328 · S bid 0.3328
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
−$24.91
−0.25%
$Avg Daily PnL
+$1.10
+0.0110%
★Best Day
+$1.93
Sep 21
◎Open Interest
Pionex$1.97M
Phemex$3.65M⚡Funding APR
+4.00%
annualized · funding only
⚠Execution Cost
−$32.59
entry + exit fees
⏱Payback
29.7d
to break even
◧24h Volume
Pionex$590.1KPhemex$887.8KLoading 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 (−$32.59 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.