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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
−9.41%
7d Period Avg+3.08%
swing±11.56%
LONG Pionex · nowSTRK_USDT_PERP
+10.62%
7d avg:+4.33%
SHORT Bybit · now
+1.21%
7d avg:+7.41%
Entry Spread Now
−0.184%
Against youL 0.1197 · S 0.1195−$18.38 if it converges
24h range −1.81%…+1.09% · median −0.04%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$15.08
−0.15%
$Avg Daily PnL
+$0.85
+0.0085%
★Best Day
+$2.84
Oct 8
◎Open Interest
⚡Funding APR
+3.09%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
24.8d
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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.