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updated —AAVE Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~10d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.17%
7d Period Avg+11.47%
swing±7.00%
LONG Variational · now
+3.79%
7d avg:−0.51%
SHORT Phemex · now
+10.96%
7d avg:+10.96%
Entry Spread Now
+0.127%
In your favorL 107.2240 · S 107.3600+$12.68 if it converges
24h range −0.22%…+0.54% · median +0.09%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$2.28
+0.02%
$Avg Daily PnL
+$3.14
+0.0314%
★Best Day
+$3.60
Nov 10
◎Open Interest
Variational$2.30M
Phemex$3.00M⚡Funding APR
+11.46%
annualized · funding only
⚠Execution Cost
−$19.70
entry + exit fees
⏱Payback
6.3d
to break even
◧24h Volume
Variational$1.27MPhemex$3.35MLoading 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 (−$19.70 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.