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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 ~1.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+38.37%
3d Period Avg+14.43%
swing±21.41%
LONG Variational · now
−8.79%
3d avg:−6.45%
SHORT Phoenix · now
+29.58%
3d avg:+7.98%
Entry Spread Now
+0.083%
In your favorL 11.5473 · S 11.5568+$8.27 if it converges
24h range −2.17%…+1.23% · median +0.10%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$1.58
−0.02%
$Avg Daily PnL
+$3.91
+0.0391%
★Best Day
+$7.63
Oct 30
◎Open Interest
Variational$2.19M
Phoenix$15.3K⚡Funding APR
+14.28%
annualized · funding only
⚠Execution Cost
−$13.32
entry + exit fees
⏱Payback
3.4d
to break even
◧24h Volume
Variational$1.10MPhoenix—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 (−$13.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.