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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 ~109d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.73%
3d Period Avg−12.00%
swing±31.30%
LONG Pionex · nowHOODX_USDT_PERP
−0.73%
3d avg:+14.04%
SHORT Bybit · now
+0.00%
3d avg:+2.04%
Entry Spread Now
−0.033%
Eaten by executionL 118.7595 · S 118.7200−$3.33 if it converges
24h range −0.12%…+0.33% · median −0.03%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$31.70
−0.32%
$Avg Daily PnL
−$3.29
−0.0329%
★Best Day
+$0.05
Sep 27
◎Open Interest
⚡Funding APR
−12.00%
annualized · funding only
⚠Execution Cost
−$21.84
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 (−$21.84 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.