How we calculate
One rule: show the number you would actually keep.
A raw funding APR assumes you pay no fees, get filled at the mid price, enter when the two venues’ prices are equal and hold forever. None of that is true. Every figure DeltaPulse shows says which of those costs it includes.
| Number | Where | Includes |
|---|---|---|
| APR | Board | The funding spread, annualized. No costs. |
| Net APR (board) | Board | APR − standard round-trip fees over a 7-day hold. |
| Net APR (review) | Execute | APR − your fees − slippage both ways ± price-gap edge, over your hold. |
| Net APR at 7-day average | Execute | The same, with the pair’s 7-day average funding instead of the current rate. |
| Net APR on margin | Execute | Net APR on the money you put up, not on the position size. |
| Break-even | Board, Execute | Hours of funding needed to pay back the costs. |
| Net result | Open trades | Funding received − fees paid − estimated cost to close now. |
Read on:
- Funding rates & APR — normalizing intervals, annualizing.
- Net APR — the full formula, with a worked example.
- Fees — where your fee comes from.
- Slippage & price gap — the costs a funding rate does not show.
- Market hours — markets that only pay while open.