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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
+2032.62%
3d Period Avg+165.06%
swing±108.20%
LONG Gate.io · now
−2021.66%
3d avg:−159.22%
SHORT Variational · now
+10.96%
3d avg:+5.84%
Entry Spread Now
−1.139%
Against youL 0.06319 · S 0.06247−$113.94 if it converges
24h range −1.61%…+0.35% · median −0.28%
Long pays every4hShort pays every4h
LONGmaker-0.010%/taker0.075%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$88.75
+0.89%
$Avg Daily PnL
+$34.58
+0.3458%
★Best Day
+$48.79
Nov 2
◎Open Interest
Gate.io$473.6K
Variational$301.3K⚡Funding APR
+126.23%
annualized · funding only
⚠Execution Cost
−$15.00
entry + exit fees
⏱Payback
10.3h
to break even
◧24h Volume
Gate.io$1.74MVariational$267.8KLoading 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.