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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
−18.46%
3d Period Avg+9.59%
swing±12.10%
LONG Pacifica · now
+10.96%
3d avg:+10.39%
SHORT Phoenix · now
−7.51%
3d avg:+19.98%
Entry Spread Now
+0.063%
In your favorL ask 82,934 · S bid 82,986+$6.27 at entry
24h range −0.17%…+0.22% · median +0.08%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.040%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$10.84
−0.11%
$Avg Daily PnL
+$2.66
+0.0266%
★Best Day
+$4.06
Oct 8
◎Open Interest
Pacifica$24.52M
Phoenix$3.33M⚡Funding APR
+9.72%
annualized · funding only
⚠Execution Cost
−$18.83
entry + exit fees
⏱Payback
7.1d
to break even
◧24h Volume
Pacifica$53.79MPhoenix—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 (−$18.83 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.