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updated 3:35:25 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+0.00%
LONG Variational · now
+0.00%
3d avg:+0.00%
SHORT HTX · now
+0.00%
3d avg:+0.00%
Entry Spread Now
−0.016%
NeutralL 1.3367 · S 1.3365
24h range −0.61%…+0.40% · median +0.14%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Limited funding history — chart clipped to available data
- Variational (Long): live data only — historical backfill pending (depth grows organically as we ingest)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Sparse settlements: long 11%, short 100% of expected. KPIs may be noisy.
New venue — the two legs barely overlap yet (one leg has no full settlement inside the shared window). Funding lines are shown per-leg, but PnL/KPIs cover only the tiny overlap and are not meaningful until the new venue accrues more history.
Loading Funding History…
↗Total PnL
−$17.82
−0.18%
$Avg Daily PnL
−$1.95
−0.0195%
★Best Day
+$0.00
Sep 11
◎Open Interest
Variational$15.1K
HTX$9.0K⚡Funding APR
−7.13%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$94.2KHTX$286.6KLoading 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 (−$10.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.