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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~7.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.55%
3d Period Avg−8.12%
swing±32.48%
LONG Pionex · nowB_USDT_PERP
+10.96%
3d avg:+35.79%
SHORT Bybit · now
+21.51%
3d avg:+27.67%
Entry Spread Now
−0.115%
Against youL 0.1902 · S 0.1900−$11.49 if it converges
24h range −0.31%…+0.27% · median −0.08%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$27.66
−0.28%
$Avg Daily PnL
−$2.22
−0.0222%
★Best Day
+$2.52
Sep 27
◎Open Interest
Pionex$10.1K
Bybit$1.61M⚡Funding APR
−8.11%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Pionex$34.6KBybit$558.9KLoading 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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.