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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+11.98%
swing±8.53%
LONG Pionex · nowQNT_USDT_PERP
+10.96%
3d avg:−4.59%
SHORT Bybit · now
+10.96%
3d avg:+7.39%
Entry Spread Now
+0.025%
Eaten by executionL 238.5400 · S 238.6000+$2.52 if it converges
24h range −0.45%…+0.64% · median −0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$11.16
−0.11%
$Avg Daily PnL
+$3.28
+0.0328%
★Best Day
+$5.64
Oct 9
◎Open Interest
Pionex$542.2K
Bybit$20.97M⚡Funding APR
+11.97%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
6.4d
to break even
◧24h Volume
Pionex$7.89MBybit$25.53MLoading 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.