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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 ~8.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+12.70%
3d Period Avg+17.59%
swing±3.72%
LONG Variational · now
−1.75%
3d avg:−6.63%
SHORT Phemex · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.037%
Eaten by executionL 70.5458 · S 70.5200−$3.66 if it converges
24h range −0.15%…+0.53% · median +0.11%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$13.53
−0.14%
$Avg Daily PnL
+$4.81
+0.0481%
★Best Day
+$5.17
Sep 26
◎Open Interest
Variational$4.99M
Phemex$23.21M⚡Funding APR
+17.57%
annualized · funding only
⚠Execution Cost
−$27.97
entry + exit fees
⏱Payback
5.8d
to break even
◧24h Volume
Variational$1.46MPhemex$7.87MLoading 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 (−$27.97 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.