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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 ~11d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+52.84%
3d Period Avg+31.42%
swing±20.09%
LONG Phoenix · now
−0.01%
3d avg:−5.69%
SHORT dYdX · now
+52.82%
3d avg:+25.73%
Entry Spread Now
+0.403%
Eaten by executionL 70.4280 · S 70.7115+$40.26 if it converges
24h range −1.16%…+1.35% · median −0.05%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$134.51
−1.35%
$Avg Daily PnL
+$8.61
+0.0861%
★Best Day
+$7.66
Oct 3
◎Open Interest
Phoenix$31.0K
dYdX$479.3K⚡Funding APR
+31.43%
annualized · funding only
⚠Execution Cost
−$160.34
entry + exit fees
⏱Payback
18.6d
to break even
◧24h Volume
Phoenix—dYdX$4.8KLoading 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 (−$160.34 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.