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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 ~0.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+386.09%
30d Period Avg+142.77%
swing±206.35%
LONG Phoenix · now
+0.51%
30d avg:+30.12%
SHORT Paragon · nowpara:ANSEM
+386.60%
30d avg:+172.89%
Entry Spread Now
−2.854%
Against youL 0.1718 · S 0.1669−$285.36 if it converges
24h range −2.76%…+4.42% · median −0.51%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.030%/taker0.090%
Loading Funding History…
↗Total PnL
+$921.26
+9.21%
$Avg Daily PnL
+$31.54
+0.3154%
★Best Day
+$67.97
Sep 13
◎Open Interest
Phoenix$87.5K
Paragon$874.8K⚡Funding APR
+115.13%
annualized · funding only
⚠Execution Cost
−$25.00
entry + exit fees
⏱Payback
19.0h
to break even
◧24h Volume
Phoenix—Paragon$513.1KLoading 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 (−$25.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.