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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 ~2.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+34.96%
3d Period Avg+35.29%
swing±9.15%
LONG Variational · now
+7.80%
3d avg:+6.72%
SHORT Phemex · now
+42.77%
3d avg:+42.01%
Entry Spread Now
−0.028%
Eaten by executionL 14.0519 · S 14.0480−$2.81 if it converges
24h range −0.06%…+0.37% · median +0.15%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$8.63
+0.09%
$Avg Daily PnL
+$9.66
+0.0966%
★Best Day
+$11.22
Sep 26
◎Open Interest
Variational$3.41M
Phemex$21.17M⚡Funding APR
+35.27%
annualized · funding only
⚠Execution Cost
−$20.36
entry + exit fees
⏱Payback
2.1d
to break even
◧24h Volume
Variational$525.8KPhemex$8.89MLoading 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 (−$20.36 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.