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updated —BRENT Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~98d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.61%
3d Period Avg+20.94%
swing±69.49%
LONG Pionex · nowBRENTOIL_USDT_PERP
−0.61%
3d avg:−103.96%
SHORT Variational · nowBZ
+0.00%
3d avg:−83.02%
Entry Spread Now
−0.104%
Against youL ask 93.4900 · S bid 93.3925−$10.43 at entry
24h range −0.30%…+0.06% · median −0.08%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$0.82
+0.01%
$Avg Daily PnL
+$5.73
+0.0573%
★Best Day
+$7.88
Nov 12
◎Open Interest
Pionex$1.49M
Variational$5.63M⚡Funding APR
+20.93%
annualized · funding only
⚠Execution Cost
−$16.38
entry + exit fees
⏱Payback
2.9d
to break even
◧24h Volume
Pionex$1.63MVariational$1.55MLoading 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 (−$16.38 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.