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updated —NBIS Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~74d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.37%
3d Period Avg+10.55%
swing±24.17%
LONG Variational · now
+0.00%
3d avg:+18.65%
SHORT Entropy · now
+1.37%
3d avg:+29.20%
Entry Spread Now
−0.067%
Eaten by executionL 113.1060 · S 113.0300−$6.72 if it converges
24h range −0.83%…+1.95% · median −0.08%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.030%/taker0.090%
Loading Funding History…
↗Total PnL
−$17.71
−0.18%
$Avg Daily PnL
+$3.40
+0.0340%
★Best Day
+$5.31
Nov 12
◎Open Interest
Variational$1.83M
Entropy$5.53M⚡Funding APR
+12.42%
annualized · funding only
⚠Execution Cost
−$27.92
entry + exit fees
⏱Payback
8.2d
to break even
◧24h Volume
Variational$1.72MEntropy$3.04MLoading 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 (−$27.92 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.