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updated —ARB Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+18.60%
3d Period Avg+6.06%
swing±9.80%
LONG Variational · now
−7.64%
3d avg:+3.07%
SHORT Phemex · now
+10.96%
3d avg:+9.13%
Entry Spread Now
+0.143%
In your favorL 0.1400 · S 0.1402+$14.29 if it converges
24h range −0.32%…+0.55% · median +0.11%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$18.43
−0.18%
$Avg Daily PnL
+$1.66
+0.0166%
★Best Day
+$2.68
Nov 14
◎Open Interest
Variational$909.3K
Phemex$5.17M⚡Funding APR
+6.05%
annualized · funding only
⚠Execution Cost
−$23.40
entry + exit fees
⏱Payback
14.1d
to break even
◧24h Volume
Variational$354.8KPhemex$6.01MLoading 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 (−$23.40 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.