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updated —MU Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~12d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
3d Period Avg+6.22%
swing±8.09%
LONG Variational · now
+0.00%
3d avg:+4.74%
SHORT Phemex · nowMUXUSDT
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.033%
In your favorL ask 767.9040 · S bid 768.1600+$3.33 at entry
24h range −0.31%…+0.69% · median +0.08%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$30.92
−0.31%
$Avg Daily PnL
+$1.70
+0.0170%
★Best Day
+$2.00
Nov 14
◎Open Interest
Variational$2.68M
Phemex$1.62M⚡Funding APR
+6.21%
annualized · funding only
⚠Execution Cost
−$36.03
entry + exit fees
⏱Payback
21.2d
to break even
◧24h Volume
Variational$2.06MPhemex$1.39MLoading 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 (−$36.03 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.