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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 ~3.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+48.26%
30d Period Avg+17.52%
swing±43.17%
LONG Phoenix · now
−0.05%
30d avg:+48.04%
SHORT N1 · now
+48.21%
30d avg:+65.56%
Entry Spread Now
−0.022%
Eaten by executionL 0.1844 · S 0.1843−$2.17 if it converges
24h range −3.35%…+4.45% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
+$86.01
+0.86%
$Avg Daily PnL
+$4.55
+0.0455%
★Best Day
+$18.38
Aug 29
◎Open Interest
Phoenix$88.0K
N1$378⚡Funding APR
+16.62%
annualized · funding only
⚠Execution Cost
−$50.63
entry + exit fees
⏱Payback
11.1d
to break even
◧24h Volume
Phoenix—N1$0Loading 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 (−$50.63 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.