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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 ~1.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+46.42%
3d Period Avg+12.45%
swing±48.52%
LONG Pionex · nowXAG_USDT_PERP
−0.51%
3d avg:+10.10%
SHORT Meridian · now
+45.90%
3d avg:+22.55%
Entry Spread Now
−0.334%
Against youL ask 49.4500 · S bid 49.2850−$33.37 at entry
24h range −0.76%…−0.13% · median −0.54%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0.030%
Loading Funding History…
↗Total PnL
−$10.55
−0.11%
$Avg Daily PnL
+$3.17
+0.0317%
★Best Day
+$7.66
Oct 31
◎Open Interest
Pionex$5.15M
Meridian$22.8K⚡Funding APR
+11.56%
annualized · funding only
⚠Execution Cost
−$20.05
entry + exit fees
⏱Payback
6.3d
to break even
◧24h Volume
Pionex$2.20MMeridian$14.9KLoading 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 (−$20.05 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.