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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 ~365d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.22%
3d Period Avg+0.22%
swing±0.01%
LONG Hotcoin · now
+5.48%
3d avg:+5.48%
SHORT Pionex · nowOPENAI_USDT_PERP
+5.70%
3d avg:+5.70%
Entry Spread Now
+0.902%
In your favorL 1,564.97 · S 1,579.09+$90.23 if it converges
24h range +0.73%…+1.01% · median +0.92%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$21.82
−0.22%
$Avg Daily PnL
+$0.06
+0.0006%
★Best Day
+$0.06
Sep 30
◎Open Interest
Hotcoin$2.98M
Pionex$53.9K⚡Funding APR
+0.22%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
12.1mo
to break even
◧24h Volume
Hotcoin$1.67MPionex$555.6KLoading 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.