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updated —XAU 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
−0.38%
3d Period Avg+3.52%
swing±5.28%
LONG Lighter · now
+3.51%
3d avg:+8.18%
SHORT Pionex · nowXAU_USDT_PERP
+3.13%
3d avg:+11.70%
Entry Spread Now
−0.241%
Against youL ask 3,895.4 · S bid 3,886−$24.13 at entry
24h range −0.04%…+0.15% · median +0.10%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$8.37
−0.08%
$Avg Daily PnL
+$1.06
+0.0106%
★Best Day
+$1.46
Nov 13
◎Open Interest
Lighter$11.34M
Pionex$6.36M⚡Funding APR
+3.86%
annualized · funding only
⚠Execution Cost
−$11.54
entry + exit fees
⏱Payback
10.9d
to break even
◧24h Volume
Lighter$24.64MPionex$4.81MLoading 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 (−$11.54 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.