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updated 2:38:34 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+126.90%
30d Period Avg−3.35%
LONG Bybit · now
+10.96%
30d avg:+54.31%
SHORT Pionex · nowCLO_USDT_PERP
+137.86%
30d avg:+50.96%
Entry Spread Now
−0.040%
Eaten by executionL 0.1161 · S 0.1160−$3.96 if it converges
24h range −0.38%…+0.13% · median −0.08%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$47.54
−0.48%
$Avg Daily PnL
−$0.86
−0.0086%
★Best Day
+$25.01
Aug 15
◎Open Interest
Bybit$876.4K
Pionex$5.1K⚡Funding APR
−3.13%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$101.2KPionex$7.9KLoading 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.