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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
−15.35%
3d Period Avg+14.05%
swing±46.94%
LONG Perpl · now
+36.69%
3d avg:+4.65%
SHORT Phoenix · now
+21.34%
3d avg:+18.70%
Entry Spread Now
−0.139%
Against youL ask 83,692.3 · S bid 83,576−$13.90 at entry
24h range −0.55%…+1.31% · median +0.08%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.088%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$8.26
−0.08%
$Avg Daily PnL
+$3.86
+0.0386%
★Best Day
+$14.14
Sep 29
◎Open Interest
Perpl$787.0K
Phoenix$2.38M⚡Funding APR
+14.08%
annualized · funding only
⚠Execution Cost
−$19.83
entry + exit fees
⏱Payback
5.1d
to break even
◧24h Volume
Perpl$14.18MPhoenix—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 (−$19.83 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.