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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 ~2.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+29.21%
30d Period Avg−18.23%
swing±62.16%
LONG Phoenix · now
+0.30%
30d avg:+18.83%
SHORT Crypto.com · nowFETUSD-PERP
+29.52%
30d avg:+0.60%
Entry Spread Now
−0.382%
Against youL 0.2304 · S 0.2295−$38.20 if it converges
24h range −4.10%…+3.73% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$167.85
−1.68%
$Avg Daily PnL
−$5.03
−0.0503%
★Best Day
+$19.13
Sep 18
◎Open Interest
⚡Funding APR
−18.35%
annualized · funding only
⚠Execution Cost
−$17.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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.