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updated 7:18:56 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+67.87%
3d Period Avg+16.85%
LONG Variational · now
−62.81%
3d avg:−7.54%
SHORT Pionex · nowPOPCAT_USDT_PERP
+5.06%
3d avg:+9.31%
Entry Spread Now
+0.051%
In your favorL 0.04145 · S 0.04148+$5.07 if it converges
24h range −0.18%…+0.49% · median +0.10%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$3.84
+0.04%
$Avg Daily PnL
+$3.46
+0.0346%
★Best Day
+$6.25
Aug 16
◎Open Interest
Variational$457.3K
Pionex$9.1K⚡Funding APR
+12.63%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
2.9d
to break even
◧24h Volume
Variational$77.9KPionex$7.1KLoading 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.