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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 ~86d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.91%
7d Period Avg+6.84%
swing±10.58%
LONG Pionex · nowCOINX_USDT_PERP
−0.91%
7d avg:+12.36%
SHORT Bybit · now
+0.00%
7d avg:+19.20%
Entry Spread Now
+0.049%
Eaten by executionL 183.0005 · S 183.0900+$4.89 if it converges
24h range −0.06%…+0.15% · median +0.04%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$8.45
−0.08%
$Avg Daily PnL
+$1.87
+0.0187%
★Best Day
+$5.53
Oct 9
◎Open Interest
⚡Funding APR
+6.83%
annualized · funding only
⚠Execution Cost
−$21.55
entry + exit fees
⏱Payback
11.5d
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 (−$21.55 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.