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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%
7d Period Avg+13.80%
swing±39.96%
LONG Variational · now
+0.00%
7d avg:−2.84%
SHORT Phemex · nowMUXUSDT
+10.96%
7d avg:+10.96%
Entry Spread Now
+0.055%
In your favorL ask 767.2110 · S bid 767.6300+$5.46 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
−$9.45
−0.09%
$Avg Daily PnL
+$3.78
+0.0378%
★Best Day
+$18.80
Nov 8
◎Open Interest
Variational$2.68M
Phemex$1.62M⚡Funding APR
+13.79%
annualized · funding only
⚠Execution Cost
−$35.90
entry + exit fees
⏱Payback
9.5d
to break even
◧24h Volume
Variational$2.07MPhemex$1.40MLoading 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 (−$35.90 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.