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updated —LINK Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+44.58%
1d Period Avg+27.62%
swing±13.98%
LONG NADO · nowLINK-PERP
−9.50%
1d avg:+4.68%
SHORT Phoenix · now
+35.07%
1d avg:+32.30%
Entry Spread Now
+0.687%
In your favorL 11.6665 · S 11.7467+$68.74 if it converges
24h range −1.15%…+1.09% · median +0.04%
Long pays every1hShort pays every1h
LONGmaker0.010%/taker0.035%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$6.44
−0.06%
$Avg Daily PnL
+$7.56
+0.0756%
★Best Day
+$5.05
Nov 1
◎Open Interest
NADO$187.0K
Phoenix$15.1K⚡Funding APR
+27.61%
annualized · funding only
⚠Execution Cost
−$14.00
entry + exit fees
⏱Payback
1.9d
to break even
◧24h Volume
NADO$88.2KPhoenix—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 (−$14.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.