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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 ~13d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+34.89%
3d Period Avg+68.65%
swing±25.23%
LONG Phemex · now
+0.00%
3d avg:−14.37%
SHORT NADO · nowMETA-PERP
+34.89%
3d avg:+54.28%
Entry Spread Now
+0.025%
In your favorL ask 730.0800 · S bid 730.2600+$2.47 at entry
24h range −0.32%…+0.23% · median −0.06%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0.010%/taker0.035%
Loading Funding History…
↗Total PnL
−$67.90
−0.68%
$Avg Daily PnL
+$18.98
+0.1898%
★Best Day
+$23.62
Sep 29
◎Open Interest
Phemex$1.84M
NADO$827.6K⚡Funding APR
+69.28%
annualized · funding only
⚠Execution Cost
−$124.85
entry + exit fees
⏱Payback
6.6d
to break even
◧24h Volume
Phemex$31.1KNADO$529.4KLoading 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 (−$124.85 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.