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updated 8:03:15 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~20d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.92%
3d Period Avg−5.95%
LONG Pionex · nowZORA_USDT_PERP
−68.11%
3d avg:−9.03%
SHORT LBank · now
−64.19%
3d avg:−14.98%
Entry Spread Now
+0.000%
NeutralL 0.004847 · S 0.004847
24h range −0.61%…+0.44% · median +0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$27.39
−0.27%
$Avg Daily PnL
−$1.35
−0.0135%
★Best Day
+$0.50
Aug 14
◎Open Interest
Pionex$1.8K
LBank—⚡Funding APR
−4.92%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Pionex$12.5KLBank$1.76MLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.