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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 ~3.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+15.22%
3d Period Avg+11.67%
swing±3.37%
LONG Variational · now
−4.26%
3d avg:−0.11%
SHORT Phemex · now
+10.96%
3d avg:+11.56%
Entry Spread Now
+0.157%
In your favorL 9.6109 · S 9.6260+$15.69 if it converges
24h range −0.22%…+0.56% · median +0.18%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$4.44
−0.04%
$Avg Daily PnL
+$3.19
+0.0319%
★Best Day
+$3.19
Nov 13
◎Open Interest
Variational$1.84M
Phemex$15.67M⚡Funding APR
+11.66%
annualized · funding only
⚠Execution Cost
−$14.02
entry + exit fees
⏱Payback
4.4d
to break even
◧24h Volume
Variational$148.0KPhemex$10.72MLoading 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 (−$14.02 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.