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updated —AVAX Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~6.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+12.69%
7d Period Avg+11.37%
swing±10.95%
LONG Hyperliquid · now
−20.55%
7d avg:−8.14%
SHORT Pionex · nowAVAX_USDT_PERP
−7.86%
7d avg:+3.23%
Entry Spread Now
−0.103%
Against youL ask 7.9812 · S bid 7.9730−$10.27 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
−$1.40
−0.01%
$Avg Daily PnL
+$3.17
+0.0317%
★Best Day
+$5.88
Nov 11
◎Open Interest
Hyperliquid$25.11M
Pionex$813.1K⚡Funding APR
+11.57%
annualized · funding only
⚠Execution Cost
−$23.60
entry + exit fees
⏱Payback
7.4d
to break even
◧24h Volume
Hyperliquid$13.64MPionex$2.00MLoading 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 (−$23.60 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.