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updated —AVAX Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~12d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+9.76%
3d Period Avg+11.58%
swing±12.53%
LONG Hyperliquid · now
−21.29%
3d avg:−13.09%
SHORT Phemex · now
−11.53%
3d avg:−1.51%
Entry Spread Now
−0.136%
Against youL ask 7.9989 · S bid 7.9880−$13.63 at entry
24h range −0.17%…+0.20% · median +0.01%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$22.79
−0.23%
$Avg Daily PnL
+$3.49
+0.0349%
★Best Day
+$4.95
Nov 11
◎Open Interest
Hyperliquid$25.12M
Phemex$23.46M⚡Funding APR
+12.75%
annualized · funding only
⚠Execution Cost
−$33.27
entry + exit fees
⏱Payback
9.5d
to break even
◧24h Volume
Hyperliquid$13.60MPhemex$3.86MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$33.27 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.