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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~521d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.07%
7d Period Avg+16.31%
swing±33.56%
LONG Variational · now
+10.96%
7d avg:+30.75%
SHORT Pionex · nowPONS_USDT_PERP
+11.03%
7d avg:+47.06%
Entry Spread Now
+0.016%
NeutralL 0.5696 · S 0.5697
24h range −1.06%…+0.67% · median −0.01%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$21.25
+0.21%
$Avg Daily PnL
+$4.46
+0.0446%
★Best Day
+$8.12
Sep 21
◎Open Interest
Variational$1.97M
Pionex$707.8K⚡Funding APR
+16.29%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
2.2d
to break even
◧24h Volume
Variational$3.97MPionex$1.43MLoading 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 (−$10.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.