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updated 2:03:34 AMFunding 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
−9.42%
3d Period Avg−7.29%
swing±7.95%
LONG Toobit · nowJUP-SWAP-USDT
+9.42%
3d avg:+5.33%
SHORT Phoenix · now
+0.00%
3d avg:−1.96%
Entry Spread Now
+0.171%
Eaten by executionL 0.2225 · S 0.2229+$17.08 if it converges
24h range −2.57%…+1.51% · median −0.00%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$44.72
−0.45%
$Avg Daily PnL
−$1.52
−0.0152%
★Best Day
−$0.41
Aug 29
◎Open Interest
Toobit$70.6K
Phoenix$109.4K⚡Funding APR
−5.54%
annualized · funding only
⚠Execution Cost
−$38.65
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Toobit$2.41MPhoenix—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 (−$38.65 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.