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updated —SOXL 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
−8.72%
7d Period Avg+56.55%
swing±136.61%
LONG Variational · now
+0.00%
7d avg:−17.83%
SHORT Hotcoin · now
−8.72%
7d avg:+38.72%
Entry Spread Now
+0.067%
Eaten by executionL 56.0127 · S 56.0500+$6.66 if it converges
24h range −1.48%…+1.37% · median +0.07%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$94.60
+0.95%
$Avg Daily PnL
+$15.48
+0.1548%
★Best Day
+$51.96
Nov 8
◎Open Interest
Variational$1.89M
Hotcoin$62.02M⚡Funding APR
+56.51%
annualized · funding only
⚠Execution Cost
−$13.78
entry + exit fees
⏱Payback
21.4h
to break even
◧24h Volume
Variational$23.71MHotcoin$338.14MLoading 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 (−$13.78 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.