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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 ~156d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.50%
7d Period Avg−0.73%
swing±4.08%
LONG Binance Futures · now
+6.80%
7d avg:+2.91%
SHORT Pionex · nowXRP_USDT_PERP
+7.30%
7d avg:+2.18%
Entry Spread Now
−0.007%
Against youL ask 1.4047 · S bid 1.4046−$0.71 at entry
24h range −0.15%…+0.06% · median +0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$19.81
−0.20%
$Avg Daily PnL
+$0.23
+0.0023%
★Best Day
+$0.90
Oct 9
◎Open Interest
Binance Futures$422.58M
Pionex$8.33M⚡Funding APR
+0.84%
annualized · funding only
⚠Execution Cost
−$21.42
entry + exit fees
⏱Payback
3.1mo
to break even
◧24h Volume
Binance Futures$303.33MPionex$3.45MLoading 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 (−$21.42 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.