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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−25.94%
3d Period Avg−2.83%
swing±19.15%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Variational · now
−25.94%
3d avg:−2.83%
Entry Spread Now
+0.024%
Eaten by executionL 62.0200 · S 62.0349+$2.40 if it converges
24h range −0.17%…+0.15% · median −0.01%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$98.89
−0.99%
$Avg Daily PnL
−$0.77
−0.0077%
★Best Day
+$3.47
Sep 25
◎Open Interest
⚡Funding APR
−2.83%
annualized · funding only
⚠Execution Cost
−$96.57
entry + exit fees
⏱Payback
never
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 (−$96.57 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.