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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−13.08%
3d Period Avg+6.39%
swing±11.45%
LONG Variational · now
+10.96%
3d avg:+3.70%
SHORT Hotcoin · now
−2.12%
3d avg:+10.09%
Entry Spread Now
+0.131%
In your favorL 0.004286 · S 0.004291+$13.07 if it converges
24h range −0.36%…+0.52% · median +0.07%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$6.76
−0.07%
$Avg Daily PnL
+$1.75
+0.0175%
★Best Day
+$2.46
Sep 29
◎Open Interest
Variational$506.7K
Hotcoin$5.46M⚡Funding APR
+6.38%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
6.9d
to break even
◧24h Volume
Variational$586.5KHotcoin$30.19MLoading 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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.