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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
−2.90%
3d Period Avg−1.43%
swing±2.36%
LONG Pionex · nowHOODX_USDT_PERP
+2.90%
3d avg:+1.43%
SHORT Bybit · now
+0.00%
3d avg:+0.00%
Entry Spread Now
−0.110%
Eaten by executionL 118.4200 · S 118.2900−$10.98 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
−$23.86
−0.24%
$Avg Daily PnL
−$0.39
−0.0039%
★Best Day
+$0.05
Sep 27
◎Open Interest
⚡Funding APR
−1.43%
annualized · funding only
⚠Execution Cost
−$22.69
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 (−$22.69 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.