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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−121.39%
3d Period Avg−11.90%
swing±32.14%
LONG Variational · now
−21.33%
3d avg:+5.94%
SHORT Hotcoin · now
−142.73%
3d avg:−5.96%
Entry Spread Now
+0.192%
In your favorL 0.009900 · S 0.009919+$19.19 if it converges
24h range −0.91%…+1.00% · median +0.04%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$21.77
−0.22%
$Avg Daily PnL
−$3.26
−0.0326%
★Best Day
−$1.62
Sep 30
◎Open Interest
⚡Funding APR
−11.88%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
never
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 + 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.