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updated —CHIP Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+97.58%
3d Period Avg+83.46%
swing±17.38%
LONG Phoenix · now
−86.62%
3d avg:−72.50%
SHORT Variational · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−1.400%
Against youL 0.03036 · S 0.02993−$139.99 if it converges
24h range −1.70%…+1.90% · median −0.30%
Long pays every1hShort pays every4h
LONGmaker0.005%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$12.39
−0.12%
$Avg Daily PnL
+$22.25
+0.2225%
★Best Day
+$23.74
Nov 12
◎Open Interest
Phoenix$17.5K
Variational$391.0K⚡Funding APR
+81.20%
annualized · funding only
⚠Execution Cost
−$79.13
entry + exit fees
⏱Payback
3.6d
to break even
◧24h Volume
Phoenix—Variational$194.6KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$79.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.