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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
−3.88%
7d Period Avg+9.39%
swing±6.23%
LONG Phoenix · now
−2.44%
7d avg:+2.16%
SHORT Pacifica · now
−6.32%
7d avg:+11.55%
Entry Spread Now
−0.064%
Against youL ask 2,508.5 · S bid 2,506.9−$6.38 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
−$1.28
−0.01%
$Avg Daily PnL
+$2.55
+0.0255%
★Best Day
+$3.36
Oct 5
◎Open Interest
Phoenix$1.15M
Pacifica$17.71M⚡Funding APR
+9.32%
annualized · funding only
⚠Execution Cost
−$19.16
entry + exit fees
⏱Payback
7.5d
to break even
◧24h Volume
Phoenix—Pacifica$47.00MLoading 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 (−$19.16 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.