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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−160.04%
3d Period Avg−43.44%
swing±57.68%
LONG Variational · now
+170.99%
3d avg:+54.40%
SHORT Bitget · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.172%
Eaten by executionL 3.9348 · S 3.9280−$17.17 if it converges
24h range −0.45%…+0.25% · median −0.18%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$70.18
−0.70%
$Avg Daily PnL
−$11.89
−0.1189%
★Best Day
−$6.29
Sep 30
◎Open Interest
⚡Funding APR
−43.41%
annualized · funding only
⚠Execution Cost
−$34.50
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
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 (−$34.50 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.