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updated —BNB Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−1.73%
3d Period Avg+2.17%
swing±6.62%
LONG Variational · now
+1.73%
3d avg:+0.67%
SHORT Pionex · nowBNB_USDT_PERP
+0.00%
3d avg:+2.84%
Entry Spread Now
+0.157%
In your favorL ask 617.9690 · S bid 618.9400+$15.71 at entry
24h range −0.10%…+0.50% · median +0.19%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$13.96
−0.14%
$Avg Daily PnL
+$0.59
+0.0059%
★Best Day
+$1.71
Nov 12
◎Open Interest
Variational$6.72M
Pionex$2.02M⚡Funding APR
+2.17%
annualized · funding only
⚠Execution Cost
−$15.74
entry + exit fees
⏱Payback
26.5d
to break even
◧24h Volume
Variational$7.66MPionex$7.35MLoading 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 (−$15.74 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.