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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−11.31%
3d Period Avg−0.85%
swing±14.06%
LONG Pionex · nowCHIP_USDT_PERP
−14.57%
3d avg:+6.28%
SHORT Bybit · now
−25.88%
3d avg:+5.43%
Entry Spread Now
−0.106%
Against youL 0.04599 · S 0.04594−$10.57 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
−$21.71
−0.22%
$Avg Daily PnL
−$0.24
−0.0024%
★Best Day
+$1.09
Sep 28
◎Open Interest
⚡Funding APR
−0.86%
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.