← Back to Screener
updated 12:39:55 PMFunding 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
−14.91%
3d Period Avg−14.22%
LONG Variational · now
+10.96%
3d avg:−72.48%
SHORT Hotcoin · now
−3.95%
3d avg:−86.70%
Entry Spread Now
−0.031%
Eaten by executionL 0.04820 · S 0.04818−$3.11 if it converges
24h range −0.60%…+0.59% · median −0.03%
Long pays every4hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$33.80
−0.34%
$Avg Daily PnL
−$5.45
−0.0545%
★Best Day
+$20.24
Aug 13
◎Open Interest
Variational$36.6K
Hotcoin$215.9K⚡Funding APR
−19.89%
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.