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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
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+19.95%
swing±30.65%
LONG Variational · now
+0.00%
7d avg:−4.73%
SHORT HTX · nowMSTRX-USDT
+0.00%
7d avg:+15.22%
Entry Spread Now
+0.024%
Eaten by executionL 107.4840 · S 107.5100+$2.42 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
+$21.31
+0.21%
$Avg Daily PnL
+$5.46
+0.0546%
★Best Day
+$11.89
Nov 8
◎Open Interest
Variational$1.54M
HTX$845.3K⚡Funding APR
+19.93%
annualized · funding only
⚠Execution Cost
−$16.92
entry + exit fees
⏱Payback
3.1d
to break even
◧24h Volume
Variational$1.25MHTX$205.4KLoading 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 (−$16.92 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.