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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 ~13d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+174.61%
30d Period Avg+77.36%
swing±143.90%
LONG Phemex · now
−55.30%
30d avg:+10.14%
SHORT dYdX · now
+119.31%
30d avg:+87.50%
Entry Spread Now
+0.031%
In your favorL ask 0.2596 · S bid 0.2597+$3.08 at entry
24h range −0.19%…+0.19% · median −0.00%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$39.93
−0.40%
$Avg Daily PnL
+$19.71
+0.1971%
★Best Day
+$85.93
Sep 24
◎Open Interest
Phemex$2.00M
dYdX$180.8K⚡Funding APR
+71.93%
annualized · funding only
⚠Execution Cost
−$631.10
entry + exit fees
⏱Payback
1.1mo
to break even
◧24h Volume
Phemex$10.42MdYdX$26.9KLoading 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 (−$631.10 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.