Funding Rate Arbitrage Returns: How to Calculate Net APR, Fees, and Break-Even A headline funding rate of 40% APR can still lose money. This guide shows the full cost stack, the break-even math, and how to size the short leg, with worked examples and an inline calculator. Most funding rate arbitrage write-ups stop at the gross number: take the current funding rate, multiply by the number of intervals in a year, and present the result … Continue reading Funding Rate Arbitrage Returns: How to Calculate Net APR and Break-Even