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updated 12:17:51 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+71.94%
3d Period Avg+21.23%
swing±28.35%
LONG Phoenix · now
−35.25%
3d avg:+9.10%
SHORT Perpl · now
+36.69%
3d avg:+30.33%
Entry Spread Now
+0.119%
In your favorL ask 80,909 · S bid 81,005+$11.87 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
−$0.82
−0.01%
$Avg Daily PnL
+$4.34
+0.0434%
★Best Day
+$8.86
Sep 16
◎Open Interest
Phoenix$3.09M
Perpl$548.6K⚡Funding APR
+15.85%
annualized · funding only
⚠Execution Cost
−$18.19
entry + exit fees
⏱Payback
4.2d
to break even
◧24h Volume
Phoenix—Perpl$15.14MLoading 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 (−$18.19 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.