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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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−20.36%
3d Period Avg−9.95%
swing±20.04%
LONG Variational · now
+31.32%
3d avg:+20.91%
SHORT Bitget · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.041%
Eaten by executionL 0.1233 · S 0.1234+$4.06 if it converges
24h range −0.82%…+0.42% · median −0.13%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$52.64
−0.53%
$Avg Daily PnL
−$2.72
−0.0272%
★Best Day
+$0.00
Sep 28
◎Open Interest
Variational$127
Bitget$189.4K⚡Funding APR
−9.94%
annualized · funding only
⚠Execution Cost
−$44.47
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$4.0KBitget$441.3KLoading 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 (−$44.47 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.