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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 ~8.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+13.47%
7d Period Avg+19.93%
swing±10.06%
LONG Variational · now
−2.51%
7d avg:−8.97%
SHORT Phemex · now
+10.96%
7d avg:+10.96%
Entry Spread Now
+0.051%
In your favorL ask 70.9035 · S bid 70.9400+$5.15 at entry
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
+$5.89
+0.06%
$Avg Daily PnL
+$5.46
+0.0546%
★Best Day
+$7.14
Sep 23
◎Open Interest
Variational$4.99M
Phemex$23.45M⚡Funding APR
+19.91%
annualized · funding only
⚠Execution Cost
−$32.30
entry + exit fees
⏱Payback
5.9d
to break even
◧24h Volume
Variational$1.49MPhemex$7.90MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$32.30 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.