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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.7d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+489.19%
3d Period Avg+241.37%
swing±138.47%
LONG Phoenix · now
+0.47%
3d avg:+43.05%
SHORT Paragon · nowpara:ANSEM
+489.66%
3d avg:+284.42%
Entry Spread Now
−0.307%
Eaten by executionL 0.1667 · S 0.1661−$30.72 if it converges
24h range −2.85%…+4.42% · median −0.38%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.030%/taker0.090%
Loading Funding History…
↗Total PnL
−$49.58
−0.50%
$Avg Daily PnL
+$58.97
+0.5897%
★Best Day
+$67.82
Sep 26
◎Open Interest
Phoenix$84.9K
Paragon$884.9K⚡Funding APR
+215.25%
annualized · funding only
⚠Execution Cost
−$226.50
entry + exit fees
⏱Payback
3.8d
to break even
◧24h Volume
Phoenix—Paragon$524.2KLoading 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 (−$226.50 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.