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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 ~11d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+6.60%
3d Period Avg+6.56%
swing±2.65%
LONG Pionex · nowBTC_USDT_PERP
+4.36%
3d avg:+3.01%
SHORT Hyperliquid · now
+10.96%
3d avg:+9.57%
Entry Spread Now
+0.009%
In your favorL ask 84,397.6 · S bid 84,405+$0.88 at entry
24h range −0.07%…+0.16% · median +0.01%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$13.57
−0.14%
$Avg Daily PnL
+$1.85
+0.0185%
★Best Day
+$2.57
Sep 25
◎Open Interest
Pionex$102.96M
Hyperliquid$1.55B⚡Funding APR
+6.76%
annualized · funding only
⚠Execution Cost
−$19.13
entry + exit fees
⏱Payback
10.3d
to break even
◧24h Volume
Pionex$2.70BHyperliquid$1.26BLoading 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 (−$19.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.