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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 ~80d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.04%
7d Period Avg+9.43%
swing±16.71%
LONG Pionex · nowLTC_USDT_PERP
+9.92%
7d avg:+9.82%
SHORT Hyperliquid · now
+10.96%
7d avg:+19.25%
Entry Spread Now
+0.100%
Eaten by executionL 70.9404 · S 71.0110+$9.96 if it converges
24h range −0.11%…+0.38% · median +0.10%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$4.81
−0.05%
$Avg Daily PnL
+$2.58
+0.0258%
★Best Day
+$6.06
Sep 21
◎Open Interest
Pionex$643.7K
Hyperliquid$27.78M⚡Funding APR
+9.42%
annualized · funding only
⚠Execution Cost
−$22.88
entry + exit fees
⏱Payback
8.9d
to break even
◧24h Volume
Pionex$11.13MHyperliquid$19.85MLoading 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 (−$22.88 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.