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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 ~0.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+113.63%
3d Period Avg+69.83%
swing±22.97%
LONG Phemex · now
−133.40%
3d avg:−81.60%
SHORT Variational · now
−19.77%
3d avg:−11.77%
Entry Spread Now
+0.339%
In your favorL 3.1360 · S 3.1466+$33.94 if it converges
24h range −0.33%…+0.60% · median +0.02%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$45.35
+0.45%
$Avg Daily PnL
+$19.12
+0.1912%
★Best Day
+$22.04
Sep 27
◎Open Interest
Phemex$1.72M
Variational$1.28M⚡Funding APR
+69.78%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
15.1h
to break even
◧24h Volume
Phemex$576.9KVariational$69.0KLoading 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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.