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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 ~7.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+13.98%
7d Period Avg+4.95%
swing±9.53%
LONG Hyperliquid · now
−34.44%
7d avg:−3.07%
SHORT Pionex · nowADA_USDT_PERP
−20.46%
7d avg:+1.88%
Entry Spread Now
−0.086%
Against youL ask 0.1633 · S bid 0.1632−$8.57 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
−$21.36
−0.21%
$Avg Daily PnL
+$1.27
+0.0127%
★Best Day
+$4.09
Nov 8
◎Open Interest
Hyperliquid$21.72M
Pionex$3.10M⚡Funding APR
+4.65%
annualized · funding only
⚠Execution Cost
−$30.28
entry + exit fees
⏱Payback
23.8d
to break even
◧24h Volume
Hyperliquid$4.94MPionex$10.85MLoading 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 (−$30.28 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.