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updated —ERA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4412.58%
3d Period Avg+156.86%
swing±104.86%
LONG Gate.io · now
−4549.33%
3d avg:−159.22%
SHORT Variational · now
−136.75%
3d avg:−2.36%
Entry Spread Now
−2.521%
Against youL 0.06723 · S 0.06553−$252.12 if it converges
24h range −2.29%…+0.35% · median −0.31%
Long pays every4hShort pays every4h
LONGmaker-0.010%/taker0.075%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$82.01
+0.82%
$Avg Daily PnL
+$32.34
+0.3234%
★Best Day
+$48.79
Nov 2
◎Open Interest
Gate.io$512.5K
Variational$320.2K⚡Funding APR
+118.03%
annualized · funding only
⚠Execution Cost
−$15.00
entry + exit fees
⏱Payback
11.0h
to break even
◧24h Volume
Gate.io$1.87MVariational$269.6KLoading 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 (−$15.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.