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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 ~5.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+71.74%
30d Period Avg+5.21%
swing±26.03%
LONG Phemex · now
−43.83%
30d avg:−1.99%
SHORT NADO · nowMETA-PERP
+27.91%
30d avg:+3.22%
Entry Spread Now
+0.025%
In your favorL ask 727.5600 · S bid 727.7400+$2.47 at entry
24h range −0.33%…+0.23% · median −0.07%
Long pays every4hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0.010%/taker0.035%
Loading Funding History…
↗Total PnL
−$68.48
−0.68%
$Avg Daily PnL
+$1.48
+0.0148%
★Best Day
+$23.62
Sep 29
◎Open Interest
Phemex$1.83M
NADO$920.7K⚡Funding APR
+5.40%
annualized · funding only
⚠Execution Cost
−$112.86
entry + exit fees
⏱Payback
2.5mo
to break even
◧24h Volume
Phemex$31.2KNADO$390.0KLoading 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 (−$112.86 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.