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updated 7:21:02 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
3d Period Avg+10.96%
LONG Variational · now
+0.00%
3d avg:+0.00%
SHORT Hotcoin · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.077%
In your favorL 25.4902 · S 25.5100+$7.75 if it converges
24h range −0.26%…+0.38% · median +0.09%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$3.00
−0.03%
$Avg Daily PnL
+$2.25
+0.0225%
★Best Day
+$3.00
Aug 15
◎Open Interest
Variational$88.9K
Hotcoin$43.3K⚡Funding APR
+8.21%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
5.3d
to break even
◧24h Volume
Variational$116.4KHotcoin—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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.