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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+17.74%
swing±18.19%
LONG Pionex · nowTAO_USDT_PERP
+10.96%
3d avg:+10.87%
SHORT Hyperliquid · now
+10.96%
3d avg:+28.61%
Entry Spread Now
+0.145%
In your favorL 316.5600 · S 317.0200+$14.53 if it converges
24h range −0.24%…+0.88% · median +0.12%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$11.83
−0.12%
$Avg Daily PnL
+$4.65
+0.0465%
★Best Day
+$5.37
Sep 27
◎Open Interest
⚡Funding APR
+16.98%
annualized · funding only
⚠Execution Cost
−$25.79
entry + exit fees
⏱Payback
5.5d
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 (−$25.79 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.