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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 ~1.9d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+40.24%
30d Period Avg−16.07%
swing±50.08%
LONG Bybit · now
+80.77%
30d avg:+7.42%
SHORT Pionex · nowDATA_USDT_PERP
+121.00%
30d avg:−8.65%
Entry Spread Now
+0.000%
NeutralL 0.2171 · S 0.2171
24h range −0.03%…+0.35% · median +0.14%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$152.93
−1.53%
$Avg Daily PnL
−$4.40
−0.0440%
★Best Day
+$11.90
Sep 30
◎Open Interest
⚡Funding APR
−16.05%
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.