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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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+148.59%
1d Period Avg+104.15%
swing±12.66%
LONG Variational · nowXAUS
+0.00%
1d avg:+0.00%
SHORT Meridian · nowXAUXAUUSD
+148.59%
1d avg:+104.15%
Entry Spread Now
+0.152%
In your favorL ask 4,139.2 · S bid 4,145.5+$15.22 at entry
24h range −0.08%…+0.13% · median +0.00%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0.030%
Loading Funding History…
↗Total PnL
+$17.16
+0.17%
$Avg Daily PnL
+$26.35
+0.2635%
★Best Day
+$20.18
Oct 2
◎Open Interest
Variational$53.62M
Meridian$800.3K⚡Funding APR
+96.19%
annualized · funding only
⚠Execution Cost
−$9.19
entry + exit fees
⏱Payback
8.4h
to break even
◧24h Volume
Variational$232.35MMeridian$598.6KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$9.19 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.