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updated 11:33:06 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~57d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.18%
1d Period Avg+14.28%
swing±20.11%
LONG Phoenix · now
+0.00%
1d avg:+0.86%
SHORT dYdX · now
+5.18%
1d avg:+15.14%
Entry Spread Now
−0.085%
Against youL ask 0.08779 · S bid 0.08771−$8.54 at entry
24h range −0.96%…+2.49% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$77.84
−0.78%
$Avg Daily PnL
+$3.63
+0.0363%
★Best Day
+$3.63
Sep 18
◎Open Interest
Phoenix$8.3K
dYdX$197.8K⚡Funding APR
+13.24%
annualized · funding only
⚠Execution Cost
−$81.47
entry + exit fees
⏱Payback
22.5d
to break even
◧24h Volume
Phoenix—dYdX$71.2KLoading 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 (−$81.47 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.