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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
−4.47%
3d Period Avg+2.33%
swing±7.33%
LONG Bybit · now
+5.63%
3d avg:+1.07%
SHORT Pionex · nowHYPE_USDT_PERP
+1.15%
3d avg:+3.40%
Entry Spread Now
+0.016%
In your favorL ask 85.8500 · S bid 85.8640+$1.63 at entry
24h range −0.16%…+0.23% · median +0.01%
Long pays every8hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$22.45
−0.22%
$Avg Daily PnL
+$0.64
+0.0064%
★Best Day
+$0.77
Oct 10
◎Open Interest
Bybit$252.44M
Pionex$5.66M⚡Funding APR
+2.32%
annualized · funding only
⚠Execution Cost
−$24.36
entry + exit fees
⏱Payback
1.3mo
to break even
◧24h Volume
Bybit$79.82MPionex$5.72MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$24.36 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.