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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 ~0.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1819.67%
30d Period Avg+48.07%
swing±31.28%
LONG Variational · now
−7.74%
30d avg:−1.00%
SHORT Coinbase International · nowWIF-PERP
+1811.93%
30d avg:+47.07%
Entry Spread Now
+4.655%
In your favorL 0.2502 · S 0.2619+$465.53 if it converges
24h range −0.02%…+9.78% · median +4.65%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
+$381.61
+3.82%
$Avg Daily PnL
+$12.99
+0.1299%
★Best Day
+$27.30
Sep 27
◎Open Interest
Variational$101.1K
Coinbase International$352.8K⚡Funding APR
+47.40%
annualized · funding only
⚠Execution Cost
−$8.00
entry + exit fees
⏱Payback
14.9h
to break even
◧24h Volume
Variational$20.2KCoinbase International$41.8KLoading 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 (−$8.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.