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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 ~1.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+35.05%
7d Period Avg+33.51%
swing±11.91%
LONG Variational · now
+10.96%
7d avg:+5.82%
SHORT Phemex · now
+46.01%
7d avg:+39.33%
Entry Spread Now
+0.171%
In your favorL 13.9282 · S 13.9520+$17.09 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
+$47.56
+0.48%
$Avg Daily PnL
+$9.17
+0.0917%
★Best Day
+$12.33
Sep 23
◎Open Interest
Variational$3.28M
Phemex$21.02M⚡Funding APR
+33.49%
annualized · funding only
⚠Execution Cost
−$16.66
entry + exit fees
⏱Payback
1.8d
to break even
◧24h Volume
Variational$456.8KPhemex$8.90MLoading 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 (−$16.66 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.