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updated —MRNA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+171.61%
30d Period Avg+0.30%
swing±71.81%
LONG edgeX V2 · now
−92.59%
30d avg:+12.65%
SHORT Phoenix · now
+79.02%
30d avg:+12.95%
Entry Spread Now
+0.037%
Eaten by executionL 221.7770 · S 221.8600+$3.74 if it converges
24h range −1.74%…+3.09% · median −0.04%
Long pays every4hShort pays every1h
LONGmaker0.018%/taker0.038%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$12.20
−0.12%
$Avg Daily PnL
+$0.08
+0.0008%
★Best Day
+$23.33
Oct 30
◎Open Interest
edgeX V2$15.3K
Phoenix$60.2K⚡Funding APR
+0.29%
annualized · funding only
⚠Execution Cost
−$14.60
entry + exit fees
⏱Payback
6.1mo
to break even
◧24h Volume
edgeX V2$332.7KPhoenix—Loading 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 (−$14.60 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.