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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 ~11d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+9.37%
7d Period Avg+11.41%
swing±11.86%
LONG Variational · now
+1.59%
7d avg:−3.21%
SHORT Binance Futures · now
+10.96%
7d avg:+8.20%
Entry Spread Now
−0.130%
Eaten by executionL 0.3509 · S 0.3504−$12.97 if it converges
24h range −0.29%…+0.51% · median +0.06%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$5.25
−0.05%
$Avg Daily PnL
+$3.12
+0.0312%
★Best Day
+$8.80
Sep 23
◎Open Interest
Variational$1.20M
Binance Futures$24.93M⚡Funding APR
+11.40%
annualized · funding only
⚠Execution Cost
−$27.12
entry + exit fees
⏱Payback
8.7d
to break even
◧24h Volume
Variational$162.1KBinance Futures$21.06MLoading 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 (−$27.12 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.