← Back to Screener
updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+172.64%
7d Period Avg+61.50%
swing±36.63%
LONG Variational · now
−85.96%
7d avg:−27.74%
SHORT Hotcoin · now
+86.69%
7d avg:+33.76%
Entry Spread Now
+0.045%
Eaten by executionL 0.3318 · S 0.3320+$4.52 if it converges
24h range −0.01%…+0.21% · median +0.08%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$105.85
+1.06%
$Avg Daily PnL
+$16.84
+0.1684%
★Best Day
+$32.02
Sep 27
◎Open Interest
Variational$485.6K
Hotcoin$6.61M⚡Funding APR
+61.45%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
17.0h
to break even
◧24h Volume
Variational$63.5KHotcoin$17.92MLoading 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.