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updated —XAG Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~5.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+46.42%
1d Period Avg+44.23%
swing±11.37%
LONG Pionex · nowXAG_USDT_PERP
−0.51%
1d avg:+6.95%
SHORT Meridian · now
+45.90%
1d avg:+51.18%
Entry Spread Now
−0.340%
Against youL ask 49.4100 · S bid 49.2420−$34.00 at entry
24h range −0.76%…−0.10% · median −0.52%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0.030%
Loading Funding History…
↗Total PnL
−$55.15
−0.55%
$Avg Daily PnL
+$13.09
+0.1309%
★Best Day
+$7.14
Oct 31
◎Open Interest
Pionex$5.16M
Meridian$22.8K⚡Funding APR
+47.77%
annualized · funding only
⚠Execution Cost
−$68.24
entry + exit fees
⏱Payback
5.2d
to break even
◧24h Volume
Pionex$3.58MMeridian$15.2KLoading 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 (−$68.24 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.