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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 ~3457d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.02%
3d Period Avg+6.96%
swing±4.63%
LONG Phoenix · now
+0.00%
3d avg:+2.23%
SHORT Pacifica · now
+0.02%
3d avg:+9.19%
Entry Spread Now
−0.072%
Against youL ask 2,506.5 · S bid 2,504.7−$7.18 at entry
24h range −0.32%…+0.53% · median −0.04%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.015%/taker0.040%
Loading Funding History…
↗Total PnL
−$13.23
−0.13%
$Avg Daily PnL
+$1.90
+0.0190%
★Best Day
+$2.44
Oct 8
◎Open Interest
Phoenix$1.14M
Pacifica$17.70M⚡Funding APR
+6.95%
annualized · funding only
⚠Execution Cost
−$18.94
entry + exit fees
⏱Payback
9.9d
to break even
◧24h Volume
Phoenix—Pacifica$46.33MLoading 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 (−$18.94 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.