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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%
7d Period Avg+25.63%
swing±35.16%
LONG Pionex · nowTAO_USDT_PERP
+10.96%
7d avg:+11.50%
SHORT Hyperliquid · now
+10.96%
7d avg:+37.13%
Entry Spread Now
+0.158%
In your favorL 319.9425 · S 320.4480+$15.80 if it converges
24h range −0.12%…+0.88% · median +0.12%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
+$24.71
+0.25%
$Avg Daily PnL
+$7.02
+0.0702%
★Best Day
+$18.06
Sep 21
◎Open Interest
Pionex$1.10M
Hyperliquid$50.49M⚡Funding APR
+25.61%
annualized · funding only
⚠Execution Cost
−$24.41
entry + exit fees
⏱Payback
3.5d
to break even
◧24h Volume
Pionex$3.73MHyperliquid$35.06MLoading 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 (−$24.41 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.