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updated —PAXG Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+1.84%
swing±2.98%
LONG Pionex · nowPAXG_USDT_PERP
+10.96%
3d avg:+8.02%
SHORT Hyperliquid · now
+10.96%
3d avg:+9.86%
Entry Spread Now
+0.036%
In your favorL ask 3,866.32 · S bid 3,867.7+$3.57 at entry
24h range −0.10%…+0.07% · median −0.00%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$20.53
−0.21%
$Avg Daily PnL
+$0.50
+0.0050%
★Best Day
+$0.89
Nov 12
◎Open Interest
Pionex$3.48M
Hyperliquid$23.14M⚡Funding APR
+1.83%
annualized · funding only
⚠Execution Cost
−$22.04
entry + exit fees
⏱Payback
1.5mo
to break even
◧24h Volume
Pionex$810.3KHyperliquid$1.67MLoading 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 (−$22.04 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.