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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
+0.00%
3d Period Avg+4.57%
swing±20.24%
LONG Variational · now
+10.96%
3d avg:+3.46%
SHORT Hotcoin · now
+10.96%
3d avg:+8.03%
Entry Spread Now
+0.175%
In your favorL 0.1030 · S 0.1032+$17.48 if it converges
24h range −0.10%…+0.41% · median +0.17%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$8.25
−0.08%
$Avg Daily PnL
+$1.25
+0.0125%
★Best Day
+$2.12
Sep 29
◎Open Interest
Variational$32.4K
Hotcoin$215.4K⚡Funding APR
+4.57%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
9.6d
to break even
◧24h Volume
Variational$18.7KHotcoin$299.8KLoading 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.