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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 ~16d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.55%
7d Period Avg+5.42%
swing±9.55%
LONG Coinbase International · nowXRP-PERP
+0.00%
7d avg:+1.88%
SHORT Pionex · nowXRP_USDT_PERP
+5.55%
7d avg:+7.30%
Entry Spread Now
−0.053%
Against youL ask 1.5071 · S bid 1.5063−$5.31 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
−$13.10
−0.13%
$Avg Daily PnL
+$1.58
+0.0158%
★Best Day
+$3.47
Sep 24
◎Open Interest
Coinbase International$5.07M
Pionex$8.57M⚡Funding APR
+5.76%
annualized · funding only
⚠Execution Cost
−$24.14
entry + exit fees
⏱Payback
15.3d
to break even
◧24h Volume
Coinbase International$13.55MPionex$11.73MLoading 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 (−$24.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.