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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
−38.13%
7d Period Avg+7.96%
swing±16.28%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Variational · now
−38.13%
7d avg:+7.96%
Entry Spread Now
−0.170%
Eaten by executionL 62.7600 · S 62.6536−$16.95 if it converges
24h range −0.15%…+0.15% · median −0.00%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$80.17
−0.80%
$Avg Daily PnL
+$2.18
+0.0218%
★Best Day
+$6.66
Sep 21
◎Open Interest
⚡Funding APR
+7.96%
annualized · funding only
⚠Execution Cost
−$95.43
entry + exit fees
⏱Payback
1.5mo
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 (−$95.43 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.