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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~7.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.88%
3d Period Avg+10.60%
swing±25.11%
LONG Variational · now
+15.82%
3d avg:+17.01%
SHORT Bitget · now
+21.70%
3d avg:+27.61%
Entry Spread Now
+0.047%
Eaten by executionL 0.1924 · S 0.1925+$4.68 if it converges
24h range −0.23%…+0.18% · median −0.02%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$3.29
−0.03%
$Avg Daily PnL
+$2.90
+0.0290%
★Best Day
+$5.27
Sep 29
◎Open Interest
Variational$14.8K
Bitget$1.97M⚡Funding APR
+10.60%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
4.1d
to break even
◧24h Volume
Variational$5Bitget$434.4KLoading 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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.