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updated —AVAX Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−2.76%
3d Period Avg+15.02%
swing±12.82%
LONG Hyperliquid · now
−4.76%
3d avg:−13.09%
SHORT Pionex · nowAVAX_USDT_PERP
−7.52%
3d avg:+1.93%
Entry Spread Now
+0.050%
In your favorL ask 8.0120 · S bid 8.0160+$4.99 at entry
24h range −0.81%…+0.27% · median +0.00%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$12.39
−0.12%
$Avg Daily PnL
+$4.45
+0.0445%
★Best Day
+$5.52
Nov 12
◎Open Interest
Hyperliquid$25.44M
Pionex$815.8K⚡Funding APR
+16.24%
annualized · funding only
⚠Execution Cost
−$25.73
entry + exit fees
⏱Payback
5.8d
to break even
◧24h Volume
Hyperliquid$13.73MPionex$1.99MLoading 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 (−$25.73 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.