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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
−402.35%
30d Period Avg−3.24%
swing±180.61%
LONG trade[XYZ] · nowxyz:NCLD
+407.83%
30d avg:+17.95%
SHORT Polymarket · now
+5.48%
30d avg:+14.71%
Entry Spread Now
+0.033%
Eaten by executionL 23.9740 · S 23.9820+$3.34 if it converges
24h range −0.12%…+0.35% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0.030%/taker0.090%SHORTmaker0.013%/taker0.040%
Limited funding history — chart clipped to available data
- Polymarket (Short): data starts Sep 16, 2026 (14d available out of 30d requested)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Sparse settlements: long 97%, short 48% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$0.50
−0.01%
$Avg Daily PnL
+$0.85
+0.0085%
★Best Day
+$53.69
Sep 6
◎Open Interest
⚡Funding APR
+3.10%
annualized · funding only
⚠Execution Cost
−$26.00
entry + exit fees
⏱Payback
1.0mo
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 (−$26.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.