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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 ~1.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+59.07%
3d Period Avg+68.53%
swing±9.68%
LONG Variational · now
−9.11%
3d avg:−8.15%
SHORT Coinbase International · nowAVAX-PERP
+49.97%
3d avg:+60.38%
Entry Spread Now
+0.279%
In your favorL ask 10.8767 · S bid 10.9070+$27.86 at entry
24h range −0.14%…+0.86% · median +0.20%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
+$26.34
+0.26%
$Avg Daily PnL
+$18.56
+0.1856%
★Best Day
+$19.09
Sep 26
◎Open Interest
Variational$2.85M
Coinbase International$905.2K⚡Funding APR
+67.76%
annualized · funding only
⚠Execution Cost
−$29.35
entry + exit fees
⏱Payback
1.6d
to break even
◧24h Volume
Variational$2.26MCoinbase International$1.99MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$29.35 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.