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updated —MSTR 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+15.58%
swing±22.60%
LONG Variational · now
+0.00%
3d avg:−2.88%
SHORT HTX · nowMSTRX-USDT
+0.00%
3d avg:+12.70%
Entry Spread Now
+0.065%
Eaten by executionL 107.3350 · S 107.4050+$6.52 if it converges
24h range −0.37%…+0.85% · median +0.11%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$4.00
−0.04%
$Avg Daily PnL
+$4.27
+0.0427%
★Best Day
+$5.71
Nov 14
◎Open Interest
Variational$1.52M
HTX$844.5K⚡Funding APR
+15.57%
annualized · funding only
⚠Execution Cost
−$16.80
entry + exit fees
⏱Payback
3.9d
to break even
◧24h Volume
Variational$1.16MHTX$194.3KLoading 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 (−$16.80 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.