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updated —ATOM Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−18.10%
7d Period Avg−4.20%
swing±28.95%
LONG Hyperliquid · now
+10.96%
7d avg:−14.74%
SHORT Phemex · now
−7.14%
7d avg:−18.94%
Entry Spread Now
−0.089%
Eaten by executionL 1.3452 · S 1.3440−$8.92 if it converges
24h range −0.42%…+0.79% · median −0.01%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$32.12
−0.32%
$Avg Daily PnL
−$1.59
−0.0159%
★Best Day
+$3.58
Nov 7
◎Open Interest
Hyperliquid$4.07M
Phemex$1.32M⚡Funding APR
−5.80%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$694.4KPhemex$819.7KLoading 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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.