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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~46d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.55%
3d Period Avg+8.29%
swing±5.66%
LONG Bullet · now
+9.55%
3d avg:+7.32%
SHORT Phoenix · now
+11.10%
3d avg:+15.61%
Entry Spread Now
+0.049%
In your favorL ask 83,472 · S bid 83,513+$4.91 at entry
24h range −0.87%…+0.42% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.040%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$12.62
−0.13%
$Avg Daily PnL
+$2.27
+0.0227%
★Best Day
+$3.37
Oct 9
◎Open Interest
Bullet$697.2K
Phoenix$3.46M⚡Funding APR
+8.28%
annualized · funding only
⚠Execution Cost
−$19.43
entry + exit fees
⏱Payback
8.6d
to break even
◧24h Volume
Bullet$4.88MPhoenix—Loading 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 (−$19.43 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.