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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+5.01%
swing±12.40%
LONG Pionex · nowUNI_USDT_PERP
+10.96%
3d avg:+9.43%
SHORT Hyperliquid · now
+10.96%
3d avg:+14.44%
Entry Spread Now
+0.104%
Eaten by executionL 9.6459 · S 9.6559+$10.41 if it converges
24h range −0.47%…+0.52% · median +0.08%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.015%/taker0.045%
Loading Funding History…
↗Total PnL
−$20.54
−0.21%
$Avg Daily PnL
+$1.26
+0.0126%
★Best Day
+$3.75
Sep 25
◎Open Interest
⚡Funding APR
+4.59%
annualized · funding only
⚠Execution Cost
−$24.31
entry + exit fees
⏱Payback
19.3d
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 (−$24.31 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.