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updated —ADA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+19.60%
3d Period Avg+10.61%
swing±13.85%
LONG Phemex · now
−29.41%
3d avg:−5.84%
SHORT Variational · now
−9.81%
3d avg:+4.77%
Entry Spread Now
−0.031%
Eaten by executionL 0.1634 · S 0.1633−$3.06 if it converges
24h range −0.44%…+0.15% · median −0.09%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$9.41
−0.09%
$Avg Daily PnL
+$2.90
+0.0290%
★Best Day
+$5.23
Nov 13
◎Open Interest
Phemex$36.03M
Variational$2.67M⚡Funding APR
+10.60%
annualized · funding only
⚠Execution Cost
−$18.12
entry + exit fees
⏱Payback
6.2d
to break even
◧24h Volume
Phemex$9.53MVariational$386.0KLoading 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 (−$18.12 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.