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updated —BTC Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+76.70%
3d Period Avg+61.75%
swing±32.68%
LONG Variational · now
+10.96%
3d avg:+10.59%
SHORT Bullet · now
+87.66%
3d avg:+72.34%
Entry Spread Now
+0.157%
In your favorL ask 77,947.92 · S bid 78,070+$15.66 at entry
24h range +0.04%…+0.27% · median +0.13%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
+$40.41
+0.40%
$Avg Daily PnL
+$17.30
+0.1730%
★Best Day
+$20.06
Oct 30
◎Open Interest
Variational$196.61M
Bullet$1.26M⚡Funding APR
+63.16%
annualized · funding only
⚠Execution Cost
−$11.50
entry + exit fees
⏱Payback
15.8h
to break even
◧24h Volume
Variational$243.17MBullet$3.95MLoading 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 (−$11.50 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.