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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+1.66%
swing±6.61%
LONG Pionex · nowSTX_USDT_PERP
+10.96%
3d avg:+7.10%
SHORT Bybit · now
+10.96%
3d avg:+8.76%
Entry Spread Now
−0.315%
Against youL 0.3374 · S 0.3363−$31.53 if it converges
24h range −0.90%…+0.79% · median −0.04%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$19.64
−0.20%
$Avg Daily PnL
+$0.45
+0.0045%
★Best Day
+$2.09
Sep 27
◎Open Interest
⚡Funding APR
+1.66%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
1.5mo
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.