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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 ~3.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+12.13%
7d Period Avg+4.58%
swing±6.38%
LONG Pionex · nowHYPE_USDT_PERP
−7.58%
7d avg:+3.83%
SHORT Variational · now
+4.55%
7d avg:+8.41%
Entry Spread Now
+0.012%
In your favorL ask 91.3970 · S bid 91.4079+$1.19 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
−$1.65
−0.02%
$Avg Daily PnL
+$1.33
+0.0133%
★Best Day
+$2.49
Sep 25
◎Open Interest
Pionex$4.02M
Variational$36.51M⚡Funding APR
+4.86%
annualized · funding only
⚠Execution Cost
−$10.98
entry + exit fees
⏱Payback
8.2d
to break even
◧24h Volume
Pionex$8.18MVariational$46.14MLoading 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 (−$10.98 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.