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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+128.06%
3d Period Avg+116.13%
swing±18.57%
LONG BULK · nowPAXG-USD
+10.96%
3d avg:+4.53%
SHORT Meridian · nowXAUXAUUSD
+139.02%
3d avg:+120.66%
Entry Spread Now
−0.152%
Against youL ask 4,170.15 · S bid 4,163.8−$15.22 at entry
24h range −0.32%…+0.09% · median −0.12%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.035%SHORTmaker0%/taker0.030%
Loading Funding History…
↗Total PnL
+$74.57
+0.75%
$Avg Daily PnL
+$30.37
+0.3037%
★Best Day
+$31.80
Sep 30
◎Open Interest
BULK$810.0K
Meridian$284.1K⚡Funding APR
+110.85%
annualized · funding only
⚠Execution Cost
−$16.54
entry + exit fees
⏱Payback
13.0h
to break even
◧24h Volume
BULK$1.17MMeridian$143.9KLoading 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 (−$16.54 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.