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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+25.63%
swing±28.21%
LONG Variational · now
+10.96%
3d avg:+1.79%
SHORT NADO · nowZRO-PERP
+10.96%
3d avg:+27.42%
Entry Spread Now
+1.522%
In your favorL 1.6225 · S 1.6472+$152.24 if it converges
24h range −1.38%…+1.11% · median +0.11%
Long pays every4hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.035%
Loading Funding History…
↗Total PnL
−$6.05
−0.06%
$Avg Daily PnL
+$7.43
+0.0743%
★Best Day
+$8.81
Sep 28
◎Open Interest
⚡Funding APR
+27.11%
annualized · funding only
⚠Execution Cost
−$28.33
entry + exit fees
⏱Payback
3.8d
to break even
◧24h Volume
Loading 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 (−$28.33 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.