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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%
7d Period Avg+10.71%
swing±7.14%
LONG Pionex · nowBNB_USDT_PERP
+0.00%
7d avg:+4.37%
SHORT Hyperliquid · now
+10.96%
7d avg:+15.08%
Entry Spread Now
−0.125%
Against youL ask 776.6000 · S bid 775.6300−$12.49 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
−$1.11
−0.01%
$Avg Daily PnL
+$2.93
+0.0293%
★Best Day
+$5.04
Sep 21
◎Open Interest
Pionex$2.18M
Hyperliquid$25.07M⚡Funding APR
+10.70%
annualized · funding only
⚠Execution Cost
−$21.63
entry + exit fees
⏱Payback
7.4d
to break even
◧24h Volume
Pionex$5.49MHyperliquid$5.29MLoading 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 (−$21.63 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.