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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 ~3.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+35.84%
3d Period Avg+39.11%
swing±23.76%
LONG Variational · now
+10.96%
3d avg:+8.99%
SHORT Phemex · now
+46.80%
3d avg:+48.10%
Entry Spread Now
+0.112%
Eaten by executionL 1.2596 · S 1.2610+$11.15 if it converges
24h range −0.56%…+0.58% · median +0.21%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$6.63
−0.07%
$Avg Daily PnL
+$10.71
+0.1071%
★Best Day
+$16.63
Sep 26
◎Open Interest
⚡Funding APR
+39.09%
annualized · funding only
⚠Execution Cost
−$38.76
entry + exit fees
⏱Payback
3.6d
to break even
◧24h Volume
Loading 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 (−$38.76 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.