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updated 12:55:59 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~159d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.20%
3d Period Avg+8.90%
swing±12.63%
LONG Phoenix · now
+0.00%
3d avg:−3.97%
SHORT dYdX · now
+2.20%
3d avg:+4.93%
Entry Spread Now
−0.311%
Against youL ask 0.08797 · S bid 0.08770−$31.15 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
−$88.65
−0.89%
$Avg Daily PnL
+$1.77
+0.0177%
★Best Day
+$3.63
Sep 18
◎Open Interest
Phoenix$8.3K
dYdX$198.4K⚡Funding APR
+6.45%
annualized · funding only
⚠Execution Cost
−$95.72
entry + exit fees
⏱Payback
1.8mo
to break even
◧24h Volume
Phoenix—dYdX$62.9KLoading 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 (−$95.72 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.