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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β3.44%
3d Period Avgβ1.30%
swingΒ±13.53%
LONG Pionex Β· nowSTRK_USDT_PERP
+10.96%
3d avg:+3.78%
SHORT Bybit Β· now
+7.52%
3d avg:+2.48%
Entry Spread Now
β0.070%
Eaten by executionL 0.1147 Β· S 0.1146β$6.97 if it converges
24h range β1.81%β¦+1.09% Β· median β0.04%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$22.07
β0.22%
$Avg Daily PnL
β$0.36
β0.0036%
β
Best Day
+$0.38
Oct 9
βOpen Interest
Pionex$564.7K
Bybit$44.87Mβ‘Funding APR
β1.30%
annualized Β· funding only
β Execution Cost
β$21.00
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Pionex$10.82MBybit$333.71MLoading Cumulative PnLβ¦
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 (β$21.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.