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updated —AAVE Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~31d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.92%
3d Period Avg+6.40%
swing±9.35%
LONG Hyperliquid · now
+4.29%
3d avg:−1.39%
SHORT Pionex · nowAAVE_USDT_PERP
+7.21%
3d avg:+5.01%
Entry Spread Now
−0.106%
Eaten by executionL 107.5223 · S 107.4083−$10.60 if it converges
24h range −0.65%…+0.32% · median +0.01%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$20.33
−0.20%
$Avg Daily PnL
+$1.47
+0.0147%
★Best Day
+$1.70
Nov 12
◎Open Interest
Hyperliquid$40.37M
Pionex$729.6K⚡Funding APR
+5.36%
annualized · funding only
⚠Execution Cost
−$24.74
entry + exit fees
⏱Payback
16.8d
to break even
◧24h Volume
Hyperliquid$7.27MPionex$3.75MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$24.74 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.