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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 ~7.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
3d Period Avg+8.79%
swing±3.88%
LONG Pionex · nowBNB_USDT_PERP
+0.00%
3d avg:+2.17%
SHORT Hyperliquid · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.054%
Against youL ask 780.6800 · S bid 780.2600−$5.38 at entry
24h range −0.15%…+0.07% · median −0.06%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$14.14
−0.14%
$Avg Daily PnL
+$2.46
+0.0246%
★Best Day
+$3.00
Sep 27
◎Open Interest
Pionex$2.17M
Hyperliquid$24.89M⚡Funding APR
+8.99%
annualized · funding only
⚠Execution Cost
−$21.53
entry + exit fees
⏱Payback
8.7d
to break even
◧24h Volume
Pionex$5.77MHyperliquid$6.20MLoading 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 (−$21.53 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.