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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 ~27d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+36.66%
3d Period Avg−7.58%
swing±32.90%
LONG Pionex · nowB_USDT_PERP
+10.96%
3d avg:+32.75%
SHORT Bybit · now
+47.61%
3d avg:+25.17%
Entry Spread Now
−0.125%
Eaten by executionL 0.1903 · S 0.1901−$12.55 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
−$275.78
−2.76%
$Avg Daily PnL
−$2.08
−0.0208%
★Best Day
+$2.52
Sep 27
◎Open Interest
Pionex$10.1K
Bybit$1.60M⚡Funding APR
−7.58%
annualized · funding only
⚠Execution Cost
−$269.55
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Pionex$34.1KBybit$616.8KLoading 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 (−$269.55 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.