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updated —HBAR 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
−18.98%
7d Period Avg+5.41%
swing±7.82%
LONG Pionex · nowHBAR_USDT_PERP
−1.69%
7d avg:+3.54%
SHORT Hyperliquid · now
−20.67%
7d avg:+8.95%
Entry Spread Now
−0.055%
Eaten by executionL 0.06018 · S 0.06014−$5.54 if it converges
24h range −0.49%…+0.99% · median +0.01%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$8.35
−0.08%
$Avg Daily PnL
+$1.52
+0.0152%
★Best Day
+$2.78
Nov 8
◎Open Interest
Pionex$844.3K
Hyperliquid$8.05M⚡Funding APR
+5.55%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
12.5d
to break even
◧24h Volume
Pionex$668.4KHyperliquid$3.29MLoading 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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.