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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 ~3.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+15.37%
7d Period Avg+10.07%
swing±3.87%
LONG Variational · now
−4.41%
7d avg:+1.15%
SHORT Phemex · now
+10.96%
7d avg:+11.22%
Entry Spread Now
+0.206%
In your favorL 9.6052 · S 9.6250+$20.56 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
+$4.40
+0.04%
$Avg Daily PnL
+$2.76
+0.0276%
★Best Day
+$3.19
Nov 13
◎Open Interest
Variational$1.84M
Phemex$15.69M⚡Funding APR
+10.06%
annualized · funding only
⚠Execution Cost
−$14.89
entry + exit fees
⏱Payback
5.4d
to break even
◧24h Volume
Variational$150.4KPhemex$10.70MLoading 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 (−$14.89 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.