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updated 10:33:12 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+26.27%
30d Period Avg+13.81%
LONG Variational · now
−9.72%
30d avg:+2.74%
SHORT BingX · now
+16.55%
30d avg:+16.55%
Entry Spread Now
+0.026%
Eaten by executionL 0.01955 · S 0.01956+$2.56 if it converges
24h range −0.50%…+3.66% · median +0.15%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Limited funding history — chart clipped to available data
- Variational (Long): live data only — historical backfill pending (depth grows organically as we ingest)
- BingX (Short): data starts Aug 4, 2026 (12d available out of 30d requested)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Sparse settlements: long 4%, short 40% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
+$22.04
+0.22%
$Avg Daily PnL
+$2.46
+0.0246%
★Best Day
+$4.53
Aug 10
◎Open Interest
Variational$5.4K
BingX$921.3K⚡Funding APR
+9.00%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
4.1d
to break even
◧24h Volume
Variational$2.5KBingX$1.27MLoading 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 (−$10.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.