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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 ~23d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+36.22%
1d Period Avg+31.45%
swing±13.17%
LONG Phoenix · now
+0.00%
1d avg:−3.87%
SHORT dYdX · now
+36.22%
1d avg:+27.58%
Entry Spread Now
+0.011%
NeutralL 70.4020 · S 70.4100
24h range −1.22%…+1.35% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$222.52
−2.23%
$Avg Daily PnL
+$8.58
+0.0858%
★Best Day
+$4.30
Oct 3
◎Open Interest
Phoenix$31.0K
dYdX$477.2K⚡Funding APR
+31.32%
annualized · funding only
⚠Execution Cost
−$231.10
entry + exit fees
⏱Payback
26.9d
to break even
◧24h Volume
Phoenix—dYdX$4.9KLoading 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 (−$231.10 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.