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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 ~8.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+20.28%
7d Period Avg+28.66%
swing±22.90%
LONG Variational · now
+9.73%
7d avg:+6.23%
SHORT Phemex · now
+30.01%
7d avg:+34.89%
Entry Spread Now
+0.273%
In your favorL 1.2586 · S 1.2620+$27.29 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
+$6.61
+0.07%
$Avg Daily PnL
+$7.85
+0.0785%
★Best Day
+$16.63
Sep 26
◎Open Interest
Variational$590.1K
Phemex$2.80M⚡Funding APR
+28.64%
annualized · funding only
⚠Execution Cost
−$48.32
entry + exit fees
⏱Payback
6.2d
to break even
◧24h Volume
Variational$172.0KPhemex$1.77MLoading 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 (−$48.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.