← Back to Screener
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
−9.88%
3d Period Avg−4.92%
swing±28.83%
LONG Phemex · now
+13.01%
3d avg:+16.62%
SHORT Pionex · nowXAU_USDT_PERP
+3.13%
3d avg:+11.70%
Entry Spread Now
−0.042%
Against youL ask 3,887.7 · S bid 3,886.06−$4.22 at entry
24h range −0.13%…+0.07% · median −0.03%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$27.68
−0.28%
$Avg Daily PnL
−$1.35
−0.0135%
★Best Day
+$2.17
Nov 11
◎Open Interest
Phemex$3.68M
Pionex$6.35M⚡Funding APR
−4.92%
annualized · funding only
⚠Execution Cost
−$23.64
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Phemex$403.5KPionex$4.87MLoading 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 (−$23.64 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.