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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
+20.63%
7d Period Avg+6.05%
swing±12.34%
LONG Phemex · now
−31.64%
7d avg:+0.00%
SHORT Variational · now
−11.02%
7d avg:+6.05%
Entry Spread Now
−0.091%
Eaten by executionL 0.1640 · S 0.1638−$9.15 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
−$7.81
−0.08%
$Avg Daily PnL
+$1.66
+0.0166%
★Best Day
+$5.23
Nov 13
◎Open Interest
Phemex$36.17M
Variational$2.68M⚡Funding APR
+6.05%
annualized · funding only
⚠Execution Cost
−$19.42
entry + exit fees
⏱Payback
11.7d
to break even
◧24h Volume
Phemex$9.53MVariational$412.1KLoading 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 (−$19.42 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.