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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 ~0.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+122.18%
3d Period Avg+116.81%
swing±17.04%
LONG Variational · nowXAUS
+0.00%
3d avg:+0.00%
SHORT Meridian · nowXAUXAUUSD
+122.18%
3d avg:+116.81%
Entry Spread Now
+0.062%
In your favorL ask 4,138.02 · S bid 4,140.6+$6.23 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
+$81.09
+0.81%
$Avg Daily PnL
+$30.16
+0.3016%
★Best Day
+$32.13
Sep 30
◎Open Interest
Variational$53.53M
Meridian$799.3K⚡Funding APR
+110.08%
annualized · funding only
⚠Execution Cost
−$9.38
entry + exit fees
⏱Payback
7.4h
to break even
◧24h Volume
Variational$227.70MMeridian$596.5KLoading 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 (−$9.38 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.