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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 ~9.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+8.80%
7d Period Avg+49.49%
swing±46.76%
LONG Pionex · nowWTI_USDT_PERP
+0.66%
7d avg:−44.26%
SHORT Phemex · nowXTIUSDT
+9.47%
7d avg:+5.23%
Entry Spread Now
+0.234%
In your favorL 87.6250 · S 87.8300+$23.40 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
+$71.71
+0.72%
$Avg Daily PnL
+$13.55
+0.1355%
★Best Day
+$24.04
Nov 11
◎Open Interest
Pionex$2.52M
Phemex$942.2K⚡Funding APR
+49.46%
annualized · funding only
⚠Execution Cost
−$23.14
entry + exit fees
⏱Payback
1.7d
to break even
◧24h Volume
Pionex$1.96MPhemex$87.8KLoading 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.