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updated 10:54:56 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+35.45%
1d Period Avg+15.61%
swing±28.61%
LONG Phoenix · now
−23.21%
1d avg:+10.65%
SHORT Perpl · now
+12.23%
1d avg:+26.26%
Entry Spread Now
+0.101%
In your favorL ask 81,013 · S bid 81,095+$10.12 at entry
24h range −0.44%…+2.88% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.050%/taker0.088%
Loading Funding History…
↗Total PnL
−$14.61
−0.15%
$Avg Daily PnL
+$2.14
+0.0214%
★Best Day
+$4.11
Sep 18
◎Open Interest
Phoenix$3.07M
Perpl$537.2K⚡Funding APR
+7.80%
annualized · funding only
⚠Execution Cost
−$18.88
entry + exit fees
⏱Payback
8.8d
to break even
◧24h Volume
Phoenix—Perpl$15.32MLoading 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 (−$18.88 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.