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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+6155.11%
3d Period Avg−140.99%
swing±148.54%
LONG Variational · now
−6154.82%
3d avg:+155.28%
SHORT Hotcoin · now
+0.29%
3d avg:+14.29%
Entry Spread Now
−2.602%
Against youL 0.2498 · S 0.2433−$260.21 if it converges
24h range −10.93%…+4.84% · median −1.93%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Sparse settlements: long 58%, short 31% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$105.51
−1.06%
$Avg Daily PnL
−$31.17
−0.3117%
★Best Day
−$3.07
Oct 1
◎Open Interest
Variational$34.1K
Hotcoin$478.9K⚡Funding APR
−113.78%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$411.0KHotcoin$29.60MLoading 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.