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updated —ADA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~5.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+20.41%
3d Period Avg+0.20%
swing±7.47%
LONG Hyperliquid · now
−41.69%
3d avg:−1.25%
SHORT Pionex · nowADA_USDT_PERP
−21.29%
3d avg:−1.05%
Entry Spread Now
+0.067%
In your favorL ask 0.1632 · S bid 0.1633+$6.74 at entry
24h range −0.76%…+0.50% · median +0.01%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$30.82
−0.31%
$Avg Daily PnL
−$0.06
−0.0006%
★Best Day
+$0.50
Nov 13
◎Open Interest
Hyperliquid$21.76M
Pionex$3.09M⚡Funding APR
−0.21%
annualized · funding only
⚠Execution Cost
−$30.65
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$5.00MPionex$10.90MLoading 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 (−$30.65 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.