Last updated: August 26, 2026
A Pionex Arbitrage Bot can earn 0.3% in a month after an older video showed 3% because funding rates and basis conditions change. Neither a past monthly result nor an old 350% APR example is a promise of future performance.
What changes the result
| Driver | Effect |
|---|---|
| Funding rate | Payments can rise, fall or reverse |
| Basis | Spot-futures gap affects entry and closing |
| Leverage | Changes exposure and risk |
| Fees and spread | Reduce the net result |
| Timing | A video and your bot may cover different regimes |
Why annualizing a short period misleads
APR scales a recent result as if it persisted for a year. Funding conditions can change within hours, so the displayed rate can move sharply without any error in the bot.
Review the complete outcome
- Check funding received after fees.
- Compare entry and current basis.
- Review leverage and deleverage events.
- Estimate the closing gap and costs.
- Compare several market regimes, not one month.
Read the current Pionex Arbitrage guide, strategy explanation and risk guide.
Frequently asked questions
Why can one month earn 0.3% after a video showed 3%?
Funding rates, basis, leverage, entry timing, fees and market conditions can differ. A past example does not set the next month’s return.
Is a displayed APR guaranteed?
No. Annualized return scales a recent or current rate and can change quickly. It is not a fixed yield.
Can funding rates fall or turn negative?
Yes. Perpetual-futures funding varies with market positioning and can decline, reverse or stop contributing the expected income.
Does leverage guarantee a higher net return?
No. Leverage increases exposure and can add deleverage or liquidation risk, fees and more sensitivity to basis changes.
Why does the entry and exit basis matter?
The difference between spot and futures prices can change. Closing at an unfavorable gap can offset part of the funding earned.
Can an Arbitrage Bot lose money?
Yes. Funding, basis, liquidity, execution, deleverage and product conditions can produce losses despite the hedged structure.
What should you measure instead of one headline month?
Measure net funding after fees, basis change, drawdown, leverage, closing result, liquidity and performance across multiple market regimes.
Arbitrage is not a fixed-yield product. Funding, basis and execution can change or cause loss.
