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updated —WTI Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~9.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+9.42%
3d Period Avg+52.19%
swing±46.44%
LONG Pionex · nowWTI_USDT_PERP
+0.66%
3d avg:−44.29%
SHORT Phemex · nowXTIUSDT
+10.08%
3d avg:+7.90%
Entry Spread Now
+0.245%
In your favorL 87.6450 · S 87.8600+$24.53 if it converges
24h range −0.05%…+0.55% · median +0.25%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$19.73
+0.20%
$Avg Daily PnL
+$14.29
+0.1429%
★Best Day
+$20.17
Nov 12
◎Open Interest
Pionex$2.52M
Phemex$941.5K⚡Funding APR
+52.16%
annualized · funding only
⚠Execution Cost
−$23.14
entry + exit fees
⏱Payback
1.6d
to break even
◧24h Volume
Pionex$1.93MPhemex$86.8KLoading 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 (−$23.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.