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updated 3:20:05 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
−4.87%
3d Period Avg−7.39%
swing±7.86%
LONG Toobit · nowJUP-SWAP-USDT
+4.87%
3d avg:+5.49%
SHORT Phoenix · now
+0.00%
3d avg:−1.90%
Entry Spread Now
+0.164%
Eaten by executionL 0.2198 · S 0.2202+$16.38 if it converges
24h range −2.57%…+1.68% · median +0.02%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$44.67
−0.45%
$Avg Daily PnL
−$1.52
−0.0152%
★Best Day
−$0.41
Aug 29
◎Open Interest
Toobit$73.1K
Phoenix$108.1K⚡Funding APR
−5.54%
annualized · funding only
⚠Execution Cost
−$38.60
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Toobit$2.43MPhoenix—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 (−$38.60 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.