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updated —Funding Arbitrage Backtester
Size per leg$
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
+0.00%
3d Period Avg+0.60%
swing±2.55%
LONG Variational · now
+10.96%
3d avg:+10.36%
SHORT Hotcoin · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.150%
In your favorL 0.1265 · S 0.1266+$15.03 if it converges
24h range −0.56%…+1.07% · median +0.15%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$11.51
−0.12%
$Avg Daily PnL
+$0.16
+0.0016%
★Best Day
+$0.49
Sep 30
◎Open Interest
Variational$20.1K
Hotcoin$255.5K⚡Funding APR
+0.60%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
2.4mo
to break even
◧24h Volume
Variational$6.8KHotcoin$551.9KLoading 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.