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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%
7d Period Avg+0.64%
swing±4.88%
LONG Lighter · now
+3.51%
7d avg:+5.61%
SHORT Pionex · nowXAU_USDT_PERP
+3.13%
7d avg:+6.25%
Entry Spread Now
−0.239%
Against youL ask 3,895.4 · S bid 3,886.1−$23.87 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
−$9.58
−0.10%
$Avg Daily PnL
+$0.28
+0.0028%
★Best Day
+$1.46
Nov 13
◎Open Interest
Lighter$11.34M
Pionex$6.35M⚡Funding APR
+1.02%
annualized · funding only
⚠Execution Cost
−$11.54
entry + exit fees
⏱Payback
1.4mo
to break even
◧24h Volume
Lighter$26.02MPionex$4.89MLoading 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.