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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 ~4.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+30.96%
1d Period Avg+14.62%
swing±9.32%
LONG Phoenix · now
−20.00%
1d avg:−3.72%
SHORT ApeX · now
+10.96%
1d avg:+10.90%
Entry Spread Now
−0.032%
Eaten by executionL 4.9526 · S 4.9510−$3.23 if it converges
24h range −2.41%…+4.09% · median −0.06%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$34.57
−0.35%
$Avg Daily PnL
+$3.93
+0.0393%
★Best Day
+$3.93
Oct 18
◎Open Interest
⚡Funding APR
+14.33%
annualized · funding only
⚠Execution Cost
−$38.50
entry + exit fees
⏱Payback
9.8d
to break even
◧24h Volume
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 (−$38.50 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.