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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%
7d Period Avg+14.78%
swing±15.62%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Variational · now
+0.00%
7d avg:+14.78%
Entry Spread Now
−0.022%
Eaten by executionL 352.4800 · S 352.4025−$2.20 if it converges
24h range −0.12%…+0.04% · median −0.02%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$16.32
+0.16%
$Avg Daily PnL
+$4.05
+0.0405%
★Best Day
+$8.38
Sep 24
◎Open Interest
⚡Funding APR
+14.77%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
3.0d
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.