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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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−1.05%
7d Period Avg+4.96%
swing±27.24%
LONG Variational · now
+0.00%
7d avg:+5.18%
SHORT Pionex · nowCOINX_USDT_PERP
−1.05%
7d avg:+10.14%
Entry Spread Now
+0.039%
Eaten by executionL 195.6045 · S 195.6800+$3.86 if it converges
24h range −0.07%…+0.15% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$1.00
−0.01%
$Avg Daily PnL
+$1.36
+0.0136%
★Best Day
+$7.37
Sep 25
◎Open Interest
⚡Funding APR
+4.96%
annualized · funding only
⚠Execution Cost
−$10.51
entry + exit fees
⏱Payback
7.7d
to break even
◧24h Volume
Loading 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 (−$10.51 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.