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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 ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+54.19%
3d Period Avg+23.62%
swing±18.88%
LONG Variational · now
−43.23%
3d avg:−12.54%
SHORT Hotcoin · now
+10.96%
3d avg:+11.08%
Entry Spread Now
+0.131%
In your favorL 0.2677 · S 0.2681+$13.07 if it converges
24h range −0.31%…+0.59% · median +0.12%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$7.40
+0.07%
$Avg Daily PnL
+$6.47
+0.0647%
★Best Day
+$7.82
Sep 30
◎Open Interest
Variational$28.0K
Hotcoin$409.4K⚡Funding APR
+23.60%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
1.9d
to break even
◧24h Volume
Variational$22.8KHotcoin$1.66MLoading 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.