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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 ~5.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+17.99%
3d Period Avg+13.77%
swing±17.67%
LONG Pionex · nowONDO_USDT_PERP
+10.96%
3d avg:+10.96%
SHORT Hyperliquid · now
+28.94%
3d avg:+24.73%
Entry Spread Now
+0.057%
In your favorL ask 0.5790 · S bid 0.5793+$5.70 at entry
24h range −0.34%…+0.68% · median +0.08%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$13.13
−0.13%
$Avg Daily PnL
+$4.12
+0.0412%
★Best Day
+$5.45
Sep 25
◎Open Interest
Pionex$3.63M
Hyperliquid$44.71M⚡Funding APR
+15.06%
annualized · funding only
⚠Execution Cost
−$25.50
entry + exit fees
⏱Payback
6.2d
to break even
◧24h Volume
Pionex$5.80MHyperliquid$31.42MLoading 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 (−$25.50 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.