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updated —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
−3.46%
3d Period Avg+6.03%
swing±13.62%
LONG Variational · now
−46.57%
3d avg:−34.55%
SHORT Pionex · nowTRX_USDT_PERP
−50.02%
3d avg:−28.52%
Entry Spread Now
+0.024%
Eaten by executionL 0.3331 · S 0.3331+$2.40 if it converges
24h range −0.19%…+0.15% · median +0.02%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$5.44
−0.05%
$Avg Daily PnL
+$1.65
+0.0165%
★Best Day
+$3.54
Sep 26
◎Open Interest
Variational$544.2K
Pionex$1.97M⚡Funding APR
+6.02%
annualized · funding only
⚠Execution Cost
−$10.39
entry + exit fees
⏱Payback
6.3d
to break even
◧24h Volume
Variational$62.5KPionex$585.5KLoading 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 (−$10.39 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.