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updated 11:33:35 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+55.46%
1d Period Avg+14.03%
swing±23.37%
LONG Phoenix · now
−31.79%
1d avg:+9.45%
SHORT Hibachi · nowBTC/USDT-P
+23.67%
1d avg:+23.48%
Entry Spread Now
+0.089%
In your favorL ask 80,890 · S bid 80,962.1+$8.91 at entry
24h range −0.42%…+2.83% · median −0.02%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0%/taker0.045%
Loading Funding History…
↗Total PnL
−$12.56
−0.13%
$Avg Daily PnL
+$4.26
+0.0426%
★Best Day
+$4.26
Sep 18
◎Open Interest
Phoenix$3.07M
Hibachi$770.4K⚡Funding APR
+15.55%
annualized · funding only
⚠Execution Cost
−$16.82
entry + exit fees
⏱Payback
4.0d
to break even
◧24h Volume
Phoenix—Hibachi$10.03MLoading 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 (−$16.82 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.