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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 ~0.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+194.94%
30d Period Avg+24.75%
swing±149.64%
LONG Variational · now
−182.13%
30d avg:−22.29%
SHORT Crypto.com · nowRAYUSD-PERP
+12.81%
30d avg:+2.46%
Entry Spread Now
+0.226%
In your favorL 1.9231 · S 1.9275+$22.65 if it converges
24h range −1.70%…+2.04% · median +0.18%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$196.84
+1.97%
$Avg Daily PnL
+$6.89
+0.0689%
★Best Day
+$56.81
Sep 25
◎Open Interest
⚡Funding APR
+25.17%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
1.4d
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 (−$10.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.