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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 ~1.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+77.71%
7d Period Avg+36.64%
swing±24.77%
LONG Variational · now
+2.03%
7d avg:+6.36%
SHORT Phemex · now
+79.74%
7d avg:+43.00%
Entry Spread Now
+0.308%
In your favorL 0.3243 · S 0.3253+$30.84 if it converges
24h range −0.60%…+1.10% · median +0.30%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$35.98
+0.36%
$Avg Daily PnL
+$10.03
+0.1003%
★Best Day
+$17.86
Sep 26
◎Open Interest
Variational$859.1K
Phemex$3.02M⚡Funding APR
+36.61%
annualized · funding only
⚠Execution Cost
−$34.24
entry + exit fees
⏱Payback
3.4d
to break even
◧24h Volume
Variational$351.8KPhemex$2.02MLoading 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 (−$34.24 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.