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updated —INIT Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+713.06%
3d Period Avg+288.42%
swing±217.02%
LONG Pionex · nowINIT_USDT_PERP
−332.88%
3d avg:−371.10%
SHORT Hyperliquid · now
+380.18%
3d avg:−82.68%
Entry Spread Now
−2.775%
Against youL 0.1002 · S 0.09744−$277.50 if it converges
24h range −5.28%…−0.18% · median −2.30%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Sparse settlements: long 18%, short 56% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
+$3.91
+0.04%
$Avg Daily PnL
+$7.64
+0.0764%
★Best Day
+$18.52
Nov 15
◎Open Interest
Pionex$105.3K
Hyperliquid$916.2K⚡Funding APR
+27.88%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
2.5d
to break even
◧24h Volume
Pionex$781.3KHyperliquid$1.88MLoading 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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.