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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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−5.93%
7d Period Avg+1.78%
swing±6.82%
LONG Bybit · now
+10.96%
7d avg:+4.45%
SHORT Pionex · nowFIL_USDT_PERP
+5.02%
7d avg:+6.23%
Entry Spread Now
+0.135%
Eaten by executionL 1.1884 · S 1.1900+$13.46 if it converges
24h range −1.66%…+0.55% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$25.98
−0.26%
$Avg Daily PnL
+$0.49
+0.0049%
★Best Day
+$2.84
Oct 7
◎Open Interest
Bybit$19.41M
Pionex$5.68M⚡Funding APR
+1.78%
annualized · funding only
⚠Execution Cost
−$29.40
entry + exit fees
⏱Payback
2.0mo
to break even
◧24h Volume
Bybit$13.38MPionex$1.07MLoading 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 (−$29.40 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.