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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 ~3.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+251.74%
30d Period Avg+45.82%
swing±67.90%
LONG Variational · now
−16.49%
30d avg:−8.88%
SHORT dYdX · now
+235.25%
30d avg:+36.94%
Entry Spread Now
+0.160%
Eaten by executionL 0.05885 · S 0.05895+$15.99 if it converges
24h range −0.42%…+0.66% · median +0.10%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
+$156.67
+1.57%
$Avg Daily PnL
+$12.48
+0.1248%
★Best Day
+$61.48
Sep 23
◎Open Interest
Variational$304.1K
dYdX$97.1K⚡Funding APR
+45.56%
annualized · funding only
⚠Execution Cost
−$217.76
entry + exit fees
⏱Payback
17.4d
to break even
◧24h Volume
Variational$54.4KdYdX$25.0KLoading 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 (−$217.76 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.