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updated —BTC Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~30d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.37%
7d Period Avg+1.34%
swing±4.41%
LONG Pionex · nowBTC_USDT_PERP
+4.59%
7d avg:+7.55%
SHORT Hyperliquid · now
+6.95%
7d avg:+8.89%
Entry Spread Now
+0.037%
In your favorL ask 67,242.2 · S bid 67,267+$3.69 at entry
24h range −0.24%…+0.35% · median −0.00%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$16.63
−0.17%
$Avg Daily PnL
+$0.40
+0.0040%
★Best Day
+$1.29
Nov 7
◎Open Interest
Pionex$122.06M
Hyperliquid$2.57B⚡Funding APR
+1.46%
annualized · funding only
⚠Execution Cost
−$19.42
entry + exit fees
⏱Payback
1.6mo
to break even
◧24h Volume
Pionex$5.47BHyperliquid$3.85BLoading 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 (−$19.42 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.