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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
+250.23%
3d Period Avg+45.60%
swing±37.85%
LONG Variational · now
−109.32%
3d avg:−22.41%
SHORT Hotcoin · now
+140.91%
3d avg:+23.19%
Entry Spread Now
+0.021%
Eaten by executionL 0.3324 · S 0.3325+$2.11 if it converges
24h range −0.05%…+0.21% · median +0.08%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$25.45
+0.25%
$Avg Daily PnL
+$12.48
+0.1248%
★Best Day
+$14.95
Sep 29
◎Open Interest
Variational$491.0K
Hotcoin$6.62M⚡Funding APR
+45.57%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
23.0h
to break even
◧24h Volume
Variational$65.5KHotcoin$18.22MLoading 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.