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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 ~2.9d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+26.64%
3d Period Avg−2.18%
swing±12.65%
LONG Pionex · nowCHIP_USDT_PERP
−15.68%
3d avg:+7.61%
SHORT Bybit · now
+10.96%
3d avg:+5.43%
Entry Spread Now
+0.082%
Eaten by executionL 0.04620 · S 0.04624+$8.19 if it converges
24h range −0.40%…+0.95% · median +0.08%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$22.79
−0.23%
$Avg Daily PnL
−$0.60
−0.0060%
★Best Day
+$1.02
Sep 26
◎Open Interest
⚡Funding APR
−2.18%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.