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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 ~2.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+35.95%
7d Period Avg+19.31%
swing±28.54%
LONG Pionex · nowONDO_USDT_PERP
+10.96%
7d avg:+10.96%
SHORT Hyperliquid · now
+46.91%
7d avg:+30.27%
Entry Spread Now
−0.021%
Against youL ask 0.5571 · S bid 0.5570−$2.15 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
+$11.41
+0.11%
$Avg Daily PnL
+$5.29
+0.0529%
★Best Day
+$12.23
Sep 24
◎Open Interest
Pionex$3.04M
Hyperliquid$42.53M⚡Funding APR
+19.30%
annualized · funding only
⚠Execution Cost
−$25.61
entry + exit fees
⏱Payback
4.8d
to break even
◧24h Volume
Pionex$4.73MHyperliquid$27.96MLoading 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 (−$25.61 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.