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updated 10:55:40 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~7.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.59%
1d Period Avg+29.28%
swing±35.05%
LONG Bybit · now
+10.96%
1d avg:+19.47%
SHORT Pionex · nowBAN_USDT_PERP
+21.55%
1d avg:+48.75%
Entry Spread Now
+0.235%
In your favorL 0.06783 · S 0.06799+$23.53 if it converges
24h range +0.03%…+0.49% · median +0.26%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$12.98
−0.13%
$Avg Daily PnL
+$8.02
+0.0802%
★Best Day
+$8.02
Sep 18
◎Open Interest
Bybit$2.92M
Pionex$9.5K⚡Funding APR
+29.27%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
2.6d
to break even
◧24h Volume
Bybit$268.3KPionex$12.1KLoading 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.