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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
+9.91%
7d Period Avg+7.91%
swing±12.23%
LONG Hyperliquid · now
−23.09%
7d avg:−8.14%
SHORT Phemex · now
−13.19%
7d avg:−0.23%
Entry Spread Now
−0.088%
Against youL ask 8.0291 · S bid 8.0220−$8.84 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
−$17.95
−0.18%
$Avg Daily PnL
+$2.22
+0.0222%
★Best Day
+$4.41
Nov 11
◎Open Interest
Hyperliquid$25.20M
Phemex$23.55M⚡Funding APR
+8.12%
annualized · funding only
⚠Execution Cost
−$33.52
entry + exit fees
⏱Payback
15.1d
to break even
◧24h Volume
Hyperliquid$13.60MPhemex$3.87MLoading 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 (−$33.52 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.