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updated —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
−0.61%
3d Period Avg+9.46%
swing±5.40%
LONG Coinbase International · nowXRP-PERP
+3.51%
3d avg:−2.82%
SHORT Pionex · nowXRP_USDT_PERP
+2.90%
3d avg:+6.64%
Entry Spread Now
−0.053%
Against youL ask 1.5124 · S bid 1.5116−$5.29 at entry
24h range −0.19%…+0.23% · median −0.03%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.040%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$17.18
−0.17%
$Avg Daily PnL
+$2.53
+0.0253%
★Best Day
+$3.30
Sep 26
◎Open Interest
Coinbase International$4.68M
Pionex$8.24M⚡Funding APR
+9.23%
annualized · funding only
⚠Execution Cost
−$24.77
entry + exit fees
⏱Payback
9.8d
to break even
◧24h Volume
Coinbase International$14.46MPionex$12.49MLoading 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 (−$24.77 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.