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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.94%
7d Period Avg+10.50%
swing±9.13%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Pionex · nowXAG_USDT_PERP
−0.94%
7d avg:+10.50%
Entry Spread Now
−0.063%
Against youL ask 63.8900 · S bid 63.8500−$6.26 at entry
24h range −0.15%…+0.05% · median −0.02%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$15.51
−0.16%
$Avg Daily PnL
+$2.88
+0.0288%
★Best Day
+$5.59
Sep 23
◎Open Interest
Phemex$1.47M
Pionex$4.11M⚡Funding APR
+10.50%
annualized · funding only
⚠Execution Cost
−$35.64
entry + exit fees
⏱Payback
12.4d
to break even
◧24h Volume
Phemex$191.4KPionex$589.8KLoading 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 (−$35.64 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.