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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 ~12d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.17%
7d Period Avg+12.73%
swing±10.76%
LONG Bullet · now
+10.96%
7d avg:+5.45%
SHORT Phoenix · now
+16.12%
7d avg:+18.18%
Entry Spread Now
+0.087%
In your favorL ask 83,642 · S bid 83,715+$8.73 at entry
24h range −0.87%…+0.40% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.040%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
+$7.61
+0.08%
$Avg Daily PnL
+$3.49
+0.0349%
★Best Day
+$7.29
Oct 8
◎Open Interest
Bullet$704.1K
Phoenix$3.42M⚡Funding APR
+12.72%
annualized · funding only
⚠Execution Cost
−$16.79
entry + exit fees
⏱Payback
4.8d
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 (−$16.79 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.