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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 ~1.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+41.20%
3d Period Avg+28.77%
swing±25.15%
LONG Phoenix · now
+0.00%
3d avg:+49.25%
SHORT N1 · now
+41.20%
3d avg:+78.02%
Entry Spread Now
+0.169%
In your favorL 0.1832 · S 0.1835+$16.93 if it converges
24h range −3.35%…+2.72% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
+$7.99
+0.08%
$Avg Daily PnL
+$6.25
+0.0625%
★Best Day
+$10.74
Sep 21
◎Open Interest
Phoenix$87.4K
N1$377⚡Funding APR
+22.80%
annualized · funding only
⚠Execution Cost
−$17.00
entry + exit fees
⏱Payback
2.7d
to break even
◧24h Volume
Phoenix—N1$1Loading 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 (−$17.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.