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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%
7d Period Avg+0.80%
swing±20.84%
LONG Variational · nowLIGHTER
+10.96%
7d avg:−4.42%
SHORT Pionex · nowLIT_USDT_PERP
+10.96%
7d avg:−3.62%
Entry Spread Now
−0.191%
Against youL 4.6268 · S 4.6180−$19.07 if it converges
24h range −0.75%…+0.60% · median −0.04%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Limited funding history — chart clipped to available data
- Variational (Long): data starts Sep 23, 2026 (4d available out of 7d requested)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Loading Funding History…
↗Total PnL
−$11.83
−0.12%
$Avg Daily PnL
+$1.15
+0.0115%
★Best Day
+$3.00
Sep 21
◎Open Interest
Variational$7.66M
Pionex$1.23M⚡Funding APR
+4.20%
annualized · funding only
⚠Execution Cost
−$19.88
entry + exit fees
⏱Payback
17.3d
to break even
◧24h Volume
Variational$4.63MPionex$2.00MLoading 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 (−$19.88 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.