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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 ~47d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.86%
3d Period Avg+1.87%
swing±2.72%
LONG Variational · now
+0.00%
3d avg:+0.00%
SHORT Pionex · nowCOINX_USDT_PERP
+0.86%
3d avg:+1.87%
Entry Spread Now
−0.102%
Against youL 196.7305 · S 196.5299−$10.20 if it converges
24h range −0.07%…+0.27% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$9.49
−0.09%
$Avg Daily PnL
+$0.51
+0.0051%
★Best Day
+$1.12
Sep 26
◎Open Interest
Variational$713.5K
Pionex$842.5K⚡Funding APR
+1.86%
annualized · funding only
⚠Execution Cost
−$11.02
entry + exit fees
⏱Payback
21.6d
to break even
◧24h Volume
Variational$265.6KPionex$448.9KLoading 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 (−$11.02 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.