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updated 2:40:46 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+60.17%
30d Period Avg+37.10%
LONG Hotcoin · now
+5.48%
30d avg:+26.92%
SHORT Variational · now
+65.65%
30d avg:+64.02%
Entry Spread Now
+0.682%
In your favorL 0.4984 · S 0.5018+$68.22 if it converges
24h range −0.42%…+0.13% · median −0.15%
Long pays every8hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0%/taker0%
Limited funding history — chart clipped to available data
- Hotcoin (Long): data starts Jul 30, 2026 (18d available out of 30d requested)
- Variational (Short): data starts Aug 15, 2026 (2d available out of 30d requested)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Sparse settlements: long 61%, short 6% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$56.79
−0.57%
$Avg Daily PnL
−$2.36
−0.0236%
★Best Day
+$11.89
Aug 16
◎Open Interest
Hotcoin$511.6K
Variational$7.8K⚡Funding APR
−8.60%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hotcoin—Variational$0Loading 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.