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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 ~44d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.74%
3d Period Avg+4.13%
swing±8.77%
LONG Pionex · nowORCLX_USDT_PERP
+2.81%
3d avg:+10.28%
SHORT Bybit · now
+4.55%
3d avg:+14.41%
Entry Spread Now
−0.094%
Eaten by executionL 136.7186 · S 136.5900−$9.41 if it converges
24h range −0.06%…+0.14% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$17.61
−0.18%
$Avg Daily PnL
+$1.13
+0.0113%
★Best Day
+$1.65
Sep 25
◎Open Interest
⚡Funding APR
+4.13%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
18.6d
to break even
◧24h Volume
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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.