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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%
7d Period Avg+1.97%
swing±3.39%
LONG Pionex · nowPAXG_USDT_PERP
+10.96%
7d avg:+8.40%
SHORT Hyperliquid · now
+10.96%
7d avg:+10.37%
Entry Spread Now
+0.016%
In your favorL ask 3,866.99 · S bid 3,867.6+$1.58 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
−$16.24
−0.16%
$Avg Daily PnL
+$0.54
+0.0054%
★Best Day
+$1.23
Nov 8
◎Open Interest
Pionex$3.48M
Hyperliquid$23.14M⚡Funding APR
+1.95%
annualized · funding only
⚠Execution Cost
−$19.99
entry + exit fees
⏱Payback
1.2mo
to break even
◧24h Volume
Pionex$802.2KHyperliquid$1.68MLoading 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 (−$19.99 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.