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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
+0.00%
3d Period Avg+1.65%
swing±22.73%
LONG Variational · nowLIGHTER
+10.96%
3d avg:+1.69%
SHORT Aster · now
+10.96%
3d avg:+3.34%
Entry Spread Now
+0.016%
In your favorL ask 4.5919 · S bid 4.5927+$1.63 at entry
24h range −0.59%…+0.77% · median +0.04%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
−$27.47
−0.27%
$Avg Daily PnL
+$0.45
+0.0045%
★Best Day
+$3.80
Sep 25
◎Open Interest
⚡Funding APR
+1.64%
annualized · funding only
⚠Execution Cost
−$28.82
entry + exit fees
⏱Payback
2.1mo
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 + live L2 orderbook slippage on both legs (−$28.82 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.