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updated 1:10:40 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~6.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
3d Period Avg+5.82%
swing±9.07%
LONG Variational · now
+0.00%
3d avg:+0.00%
SHORT Hotcoin · now
+10.96%
3d avg:+5.82%
Entry Spread Now
−0.029%
Against youL ask 647.8470 · S bid 647.6600−$2.89 at entry
24h range −0.43%…+0.68% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$13.36
−0.13%
$Avg Daily PnL
+$1.19
+0.0119%
★Best Day
+$2.18
Sep 11
◎Open Interest
Variational$2.45M
Hotcoin$7.97M⚡Funding APR
+4.36%
annualized · funding only
⚠Execution Cost
−$18.14
entry + exit fees
⏱Payback
15.2d
to break even
◧24h Volume
Variational$596.6KHotcoin—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 (−$18.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.