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updated —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+4.37%
swing±28.95%
LONG Hyperliquid · now
+10.96%
3d avg:+34.46%
SHORT Pionex · nowPONS_USDT_PERP
+10.96%
3d avg:+38.83%
Entry Spread Now
+0.026%
Eaten by executionL 0.5730 · S 0.5732+$2.62 if it converges
24h range −0.63%…+0.80% · median −0.04%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$27.08
−0.27%
$Avg Daily PnL
+$1.94
+0.0194%
★Best Day
+$8.65
Sep 26
◎Open Interest
⚡Funding APR
+7.06%
annualized · funding only
⚠Execution Cost
−$32.89
entry + exit fees
⏱Payback
17.0d
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 (−$32.89 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.