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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
+0.00%
7d Period Avg+11.65%
swing±12.23%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Variational · now
+0.00%
7d avg:+11.65%
Entry Spread Now
−0.054%
Against youL ask 343.8200 · S bid 343.6350−$5.38 at entry
24h range −0.11%…+0.00% · median −0.03%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$58.67
−0.59%
$Avg Daily PnL
+$3.19
+0.0319%
★Best Day
+$7.07
Sep 23
◎Open Interest
Phemex$2.63M
Variational$5.07M⚡Funding APR
+11.64%
annualized · funding only
⚠Execution Cost
−$80.99
entry + exit fees
⏱Payback
25.4d
to break even
◧24h Volume
Phemex$16.7KVariational$1.07MLoading 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 (−$80.99 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.