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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 ~6.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+12.93%
3d Period Avg−38.04%
swing±53.88%
LONG Pionex · nowWTI_USDT_PERP
−12.93%
3d avg:−6.81%
SHORT Phemex · nowXTIUSDT
+0.00%
3d avg:−44.85%
Entry Spread Now
+0.063%
Eaten by executionL 93.1312 · S 93.1900+$6.32 if it converges
24h range −0.43%…+0.32% · median −0.07%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$54.31
−0.54%
$Avg Daily PnL
−$10.41
−0.1041%
★Best Day
+$0.05
Sep 28
◎Open Interest
Pionex$2.86M
Phemex$906.1K⚡Funding APR
−38.01%
annualized · funding only
⚠Execution Cost
−$23.07
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Pionex$3.04MPhemex$91.4KLoading 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 (−$23.07 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.