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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 ~4.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.74%
3d Period Avg+8.51%
swing±5.83%
LONG Pionex · nowHYPE_USDT_PERP
−5.75%
3d avg:−2.81%
SHORT Variational · now
+4.99%
3d avg:+5.70%
Entry Spread Now
+0.249%
In your favorL ask 91.1510 · S bid 91.3777+$24.87 at entry
24h range −0.24%…+0.19% · median −0.01%
Long pays every4hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$5.66
−0.06%
$Avg Daily PnL
+$2.02
+0.0202%
★Best Day
+$2.00
Sep 26
◎Open Interest
Pionex$4.06M
Variational$35.94M⚡Funding APR
+7.36%
annualized · funding only
⚠Execution Cost
−$11.71
entry + exit fees
⏱Payback
5.8d
to break even
◧24h Volume
Pionex$8.48MVariational$47.11MLoading 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 (−$11.71 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.