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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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−12.46%
3d Period Avg−15.52%
swing±103.82%
LONG Phoenix · now
−2.23%
3d avg:+3.90%
SHORT Hotcoin · now
−14.70%
3d avg:−11.62%
Entry Spread Now
+5.574%
In your favorL 1.4920 · S 1.5752+$557.44 if it converges
24h range +4.06%…+18.68% · median +8.20%
Long pays every1hShort pays every4h
LONGmaker0.005%/taker0.035%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$161.88
−1.62%
$Avg Daily PnL
−$0.91
−0.0091%
★Best Day
+$2.56
Oct 1
◎Open Interest
Phoenix$49.9K
Hotcoin$72.5K⚡Funding APR
−3.33%
annualized · funding only
⚠Execution Cost
−$159.14
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Phoenix—Hotcoin$3.51MLoading 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 (−$159.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.