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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 ~78d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.08%
7d Period Avg−4.46%
swing±77.69%
LONG Pionex · nowWTI_USDT_PERP
−1.08%
7d avg:−7.24%
SHORT Phemex · nowXTIUSDT
+0.00%
7d avg:−11.70%
Entry Spread Now
+0.021%
Eaten by executionL 93.3900 · S 93.4100+$2.14 if it converges
24h range −0.47%…+0.32% · median −0.09%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$31.36
−0.31%
$Avg Daily PnL
−$1.18
−0.0118%
★Best Day
+$14.79
Sep 23
◎Open Interest
⚡Funding APR
−4.32%
annualized · funding only
⚠Execution Cost
−$23.07
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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.