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updated 3:32:41 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+59.79%
1d Period Avg+47.57%
swing±14.90%
LONG TxFlow · now
−35.34%
1d avg:−18.80%
SHORT Phoenix · now
+24.45%
1d avg:+28.77%
Entry Spread Now
+0.092%
In your favorL ask 2.3910 · S bid 2.3932+$9.20 at entry
24h range −2.04%…+2.23% · median +0.12%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$26.10
−0.26%
$Avg Daily PnL
+$6.51
+0.0651%
★Best Day
+$9.05
Sep 14
◎Open Interest
TxFlow$574.6K
Phoenix$266.7K⚡Funding APR
+23.77%
annualized · funding only
⚠Execution Cost
−$39.13
entry + exit fees
⏱Payback
6.0d
to break even
◧24h Volume
TxFlow$260.7KPhoenix—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 (−$39.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.