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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
−0.87%
7d Period Avg+0.07%
swing±3.75%
LONG Binance Futures · now
+0.50%
7d avg:+6.19%
SHORT Pionex · nowHYPE_USDT_PERP
−0.37%
7d avg:+6.26%
Entry Spread Now
+0.008%
In your favorL ask 85.7800 · S bid 85.7870+$0.82 at entry
24h range −0.22%…+0.42% · median −0.00%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$20.20
−0.20%
$Avg Daily PnL
+$0.11
+0.0011%
★Best Day
+$0.24
Oct 10
◎Open Interest
Binance Futures$345.08M
Pionex$5.76M⚡Funding APR
+0.39%
annualized · funding only
⚠Execution Cost
−$20.94
entry + exit fees
⏱Payback
6.6mo
to break even
◧24h Volume
Binance Futures$194.84MPionex$5.91MLoading 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 (−$20.94 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.