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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−2.01%
swing±10.16%
LONG Variational · nowLIGHTER
+10.96%
3d avg:+1.69%
SHORT Pionex · nowLIT_USDT_PERP
+10.96%
3d avg:−0.32%
Entry Spread Now
−0.060%
Eaten by executionL 4.5798 · S 4.5770−$6.04 if it converges
24h range −0.75%…+0.60% · median −0.04%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$26.64
−0.27%
$Avg Daily PnL
−$0.55
−0.0055%
★Best Day
+$0.61
Sep 27
◎Open Interest
Variational$7.65M
Pionex$1.25M⚡Funding APR
−2.01%
annualized · funding only
⚠Execution Cost
−$24.99
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$4.56MPionex$1.96MLoading 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 (−$24.99 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.