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updated 1:33:59 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−5.48%
3d Period Avg−4.37%
LONG Pionex · nowMASK_USDT_PERP
+10.96%
3d avg:+8.65%
SHORT Hotcoin · now
+5.48%
3d avg:+4.28%
Entry Spread Now
+0.010%
NeutralL 0.3511 · S 0.3511
24h range −0.15%…+0.30% · median +0.00%
Long pays every4hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$25.44
−0.25%
$Avg Daily PnL
−$0.86
−0.0086%
★Best Day
−$0.14
Aug 16
◎Open Interest
Pionex$2.6K
Hotcoin$132.7K⚡Funding APR
−3.14%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Pionex$9.9KHotcoin—Loading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.