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updated 11:18:31 AMFunding Arbitrage Backtester
Size$
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
−14.96%
3d Period Avg−5.70%
LONG Variational · now
+10.96%
3d avg:−73.70%
SHORT Hotcoin · now
−4.00%
3d avg:−79.40%
Entry Spread Now
−0.083%
Against youL 0.04831 · S 0.04827−$8.28 if it converges
24h range −0.60%…+0.59% · median −0.06%
Long pays every4hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$35.50
−0.35%
$Avg Daily PnL
−$5.87
−0.0587%
★Best Day
+$18.05
Aug 13
◎Open Interest
Variational$36.6K
Hotcoin$216.3K⚡Funding APR
−21.44%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$35.0KHotcoin—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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.