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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 ~4.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+15.51%
7d Period Avg+17.72%
swing±11.15%
LONG Variational · now
−4.55%
7d avg:−10.78%
SHORT Pionex · nowAVAX_USDT_PERP
+10.96%
7d avg:+6.94%
Entry Spread Now
−0.091%
Against youL ask 10.8118 · S bid 10.8020−$9.06 at entry
24h range −0.32%…+0.76% · median +0.02%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$15.36
+0.15%
$Avg Daily PnL
+$4.85
+0.0485%
★Best Day
+$6.53
Sep 23
◎Open Interest
Variational$2.84M
Pionex$974.7K⚡Funding APR
+17.71%
annualized · funding only
⚠Execution Cost
−$18.61
entry + exit fees
⏱Payback
3.8d
to break even
◧24h Volume
Variational$2.35MPionex$2.81MLoading 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 (−$18.61 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.