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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
−22.43%
3d Period Avg−10.92%
swing±22.16%
LONG Pionex · nowTRX_USDT_PERP
−49.93%
3d avg:−27.08%
SHORT Hyperliquid · now
−72.37%
3d avg:−38.00%
Entry Spread Now
+0.003%
NeutralL 0.3332 · S 0.3332
24h range −0.10%…+0.09% · median −0.00%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$23.66
−0.24%
$Avg Daily PnL
−$1.43
−0.0143%
★Best Day
+$3.40
Sep 28
◎Open Interest
⚡Funding APR
−5.22%
annualized · funding only
⚠Execution Cost
−$19.37
entry + exit fees
⏱Payback
never
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 (−$19.37 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.