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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
+52.65%
3d Period Avg+16.69%
swing±24.24%
LONG Variational · now
−38.40%
3d avg:−3.24%
SHORT Hotcoin · now
+14.24%
3d avg:+13.45%
Entry Spread Now
−0.083%
Against youL 0.05436 · S 0.05431−$8.28 if it converges
24h range −0.74%…+0.41% · median +0.05%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$1.71
+0.02%
$Avg Daily PnL
+$3.43
+0.0343%
★Best Day
+$9.70
Sep 23
◎Open Interest
Variational$395.0K
Hotcoin$7.41M⚡Funding APR
+12.51%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
3.5d
to break even
◧24h Volume
Variational$35.4KHotcoin$4.50MLoading 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.