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updated 12:58:41 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1562d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.15%
3d Period Avg+28.09%
swing±99.94%
LONG Toobit · nowMSTR-SWAP-USDT
+0.00%
3d avg:−11.65%
SHORT Phoenix · now
+0.15%
3d avg:+16.44%
Entry Spread Now
−0.090%
Against youL ask 131.1700 · S bid 131.0520−$9.00 at entry
24h range −1.23%…+1.82% · median −0.15%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$43.83
−0.44%
$Avg Daily PnL
+$5.09
+0.0509%
★Best Day
+$21.99
Aug 31
◎Open Interest
Toobit$108.6K
Phoenix$43.2K⚡Funding APR
+18.58%
annualized · funding only
⚠Execution Cost
−$64.19
entry + exit fees
⏱Payback
12.6d
to break even
◧24h Volume
Toobit$74.83MPhoenix—Loading 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 (−$64.19 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.