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updated 7:20:02 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
3d Period Avg+9.09%
LONG Variational · now
+0.00%
3d avg:+3.80%
SHORT Hotcoin · now
+10.96%
3d avg:+12.89%
Entry Spread Now
+0.002%
NeutralL 162.3375 · S 162.3400
24h range −0.13%…+0.40% · median +0.09%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$4.54
−0.05%
$Avg Daily PnL
+$1.87
+0.0187%
★Best Day
+$3.00
Aug 16
◎Open Interest
Variational$253.6K
Hotcoin$1.81M⚡Funding APR
+6.81%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
6.4d
to break even
◧24h Volume
Variational$217.5KHotcoin—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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.