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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β16.43%
3d Period Avgβ7.85%
swingΒ±3.30%
LONG Hyperliquid Β· now
+10.96%
3d avg:+10.96%
SHORT Pionex Β· nowBTC_USDT_PERP
β5.47%
3d avg:+3.11%
Entry Spread Now
β0.025%
Against youL ask 83,999 Β· S bid 83,977.7β$2.54 at entry
24h range β0.11%β¦+0.11% Β· median β0.03%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding Historyβ¦
βTotal PnL
β$25.58
β0.26%
$Avg Daily PnL
β$2.15
β0.0215%
β
Best Day
β$0.64
Oct 7
βOpen Interest
Hyperliquid$1.70B
Pionex$116.40Mβ‘Funding APR
β7.84%
annualized Β· funding only
β Execution Cost
β$19.13
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hyperliquid$2.42BPionex$4.91BLoading Cumulative PnLβ¦
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 (β$19.13 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.