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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 ~21d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.47%
7d Period Avg+7.03%
swing±6.41%
LONG Pionex · nowBTC_USDT_PERP
+3.57%
7d avg:+4.09%
SHORT Hyperliquid · now
+7.03%
7d avg:+11.12%
Entry Spread Now
−0.011%
Against youL ask 84,200.3 · S bid 84,191−$1.10 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
−$6.22
−0.06%
$Avg Daily PnL
+$1.92
+0.0192%
★Best Day
+$2.99
Sep 21
◎Open Interest
Pionex$114.30M
Hyperliquid$1.54B⚡Funding APR
+7.02%
annualized · funding only
⚠Execution Cost
−$19.69
entry + exit fees
⏱Payback
10.2d
to break even
◧24h Volume
Pionex$2.50BHyperliquid$1.21BLoading 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 (−$19.69 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.