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updated 12:54:58 AMFunding 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
+61.54%
3d Period Avg+20.25%
swing±16.29%
LONG Phoenix · now
−35.25%
3d avg:+9.30%
SHORT Hibachi · nowBTC/USDT-P
+26.30%
3d avg:+29.55%
Entry Spread Now
+0.078%
In your favorL ask 81,361 · S bid 81,424.6+$7.82 at entry
24h range −0.42%…+2.83% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0%/taker0.045%
Loading Funding History…
↗Total PnL
−$1.18
−0.01%
$Avg Daily PnL
+$4.21
+0.0421%
★Best Day
+$6.99
Sep 16
◎Open Interest
Phoenix$3.14M
Hibachi$753.7K⚡Funding APR
+15.36%
annualized · funding only
⚠Execution Cost
−$18.02
entry + exit fees
⏱Payback
4.3d
to break even
◧24h Volume
Phoenix—Hibachi$10.06MLoading 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 (−$18.02 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.