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updated —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
+0.00%
3d Period Avg+4.94%
swing±11.29%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Variational · now
+0.00%
3d avg:+4.94%
Entry Spread Now
−0.042%
Eaten by executionL 353.8900 · S 353.7425−$4.17 if it converges
24h range −0.14%…+0.04% · median −0.03%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$7.94
−0.08%
$Avg Daily PnL
+$1.35
+0.0135%
★Best Day
+$4.06
Sep 25
◎Open Interest
⚡Funding APR
+4.94%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
8.9d
to break even
◧24h Volume
Loading 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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.