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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 ~6.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+8.75%
7d Period Avg+16.90%
swing±40.82%
LONG Perpl · now
+12.23%
7d avg:−2.62%
SHORT Phoenix · now
+20.99%
7d avg:+14.28%
Entry Spread Now
+0.018%
In your favorL ask 83,956.6 · S bid 83,972+$1.83 at entry
24h range −1.74%…+1.31% · median +0.08%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.088%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
+$16.64
+0.17%
$Avg Daily PnL
+$4.75
+0.0475%
★Best Day
+$14.14
Sep 29
◎Open Interest
Perpl$773.5K
Phoenix$2.50M⚡Funding APR
+17.35%
annualized · funding only
⚠Execution Cost
−$16.63
entry + exit fees
⏱Payback
3.5d
to break even
◧24h Volume
Perpl$15.62MPhoenix—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 (−$16.63 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.