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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 ~49d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.05%
3d Period Avg+8.83%
swing±9.43%
LONG Phemex · now
+0.00%
3d avg:+0.17%
SHORT Pionex · nowXAG_USDT_PERP
+2.05%
3d avg:+9.00%
Entry Spread Now
−0.020%
Against youL ask 48.9200 · S bid 48.9100−$2.04 at entry
24h range −0.14%…+0.26% · median +0.01%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$20.21
−0.20%
$Avg Daily PnL
+$2.42
+0.0242%
★Best Day
+$4.46
Nov 13
◎Open Interest
Phemex$1.10M
Pionex$4.78M⚡Funding APR
+8.83%
annualized · funding only
⚠Execution Cost
−$27.47
entry + exit fees
⏱Payback
11.4d
to break even
◧24h Volume
Phemex$4.80MPionex$3.96MLoading 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 (−$27.47 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.