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updated —LINK Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~5.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.36%
3d Period Avg+6.33%
swing±6.80%
LONG Variational · now
−3.65%
3d avg:−0.04%
SHORT Pionex · nowLINK_USDT_PERP
+3.70%
3d avg:+6.29%
Entry Spread Now
+0.135%
In your favorL 9.5955 · S 9.6085+$13.47 if it converges
24h range −0.66%…+0.48% · median +0.09%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$6.15
−0.06%
$Avg Daily PnL
+$1.73
+0.0173%
★Best Day
+$2.16
Nov 14
◎Open Interest
Variational$1.84M
Pionex$1.11M⚡Funding APR
+6.32%
annualized · funding only
⚠Execution Cost
−$11.35
entry + exit fees
⏱Payback
6.5d
to break even
◧24h Volume
Variational$149.9KPionex$1.24MLoading 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 (−$11.35 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.