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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 ~46d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.05%
7d Period Avg+5.02%
swing±7.34%
LONG Phemex · now
+0.00%
7d avg:+0.07%
SHORT Pionex · nowXAG_USDT_PERP
+2.05%
7d avg:+5.09%
Entry Spread Now
+0.000%
NeutralL ask 48.9200 · S bid 48.9200
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
−$16.45
−0.16%
$Avg Daily PnL
+$1.38
+0.0138%
★Best Day
+$4.46
Nov 13
◎Open Interest
Phemex$1.10M
Pionex$4.78M⚡Funding APR
+5.02%
annualized · funding only
⚠Execution Cost
−$26.08
entry + exit fees
⏱Payback
19.0d
to break even
◧24h Volume
Phemex$4.83MPionex$3.99MLoading 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 (−$26.08 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.