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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 ~0.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+41.15%
1d Period Avg+37.46%
swing±7.10%
LONG Variational · now
−11.44%
1d avg:−15.07%
SHORT Phoenix · now
+29.70%
1d avg:+22.39%
Entry Spread Now
−0.543%
Against youL 11.5729 · S 11.5100−$54.31 if it converges
24h range −2.17%…+1.59% · median +0.12%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
+$2.87
+0.03%
$Avg Daily PnL
+$9.87
+0.0987%
★Best Day
+$6.34
Oct 31
◎Open Interest
Variational$2.13M
Phoenix$15.2K⚡Funding APR
+36.03%
annualized · funding only
⚠Execution Cost
−$7.00
entry + exit fees
⏱Payback
17.0h
to break even
◧24h Volume
Variational$965.2KPhoenix—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 (−$7.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.