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updated —ETH Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+17.25%
3d Period Avg+10.74%
swing±3.95%
LONG NADO · nowETH-PERP
−6.30%
3d avg:−1.37%
SHORT Variational · now
+10.96%
3d avg:+9.37%
Entry Spread Now
−0.089%
Against youL ask 1,905.68 · S bid 1,903.99−$8.87 at entry
24h range −0.33%…+0.23% · median −0.08%
Long pays every1hShort pays every8h
LONGmaker0.010%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$0.18
+0.00%
$Avg Daily PnL
+$2.87
+0.0287%
★Best Day
+$3.42
Nov 12
◎Open Interest
NADO$4.84M
Variational$88.24M⚡Funding APR
+10.46%
annualized · funding only
⚠Execution Cost
−$8.42
entry + exit fees
⏱Payback
2.9d
to break even
◧24h Volume
NADO$72.19MVariational$129.42MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$8.42 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.