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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 ~2.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+120.69%
3d Period Avg+84.38%
swing±34.40%
LONG Phoenix · now
+0.00%
3d avg:+35.62%
SHORT Crypto.com · nowNEARUSD-PERP
+120.69%
3d avg:+120.00%
Entry Spread Now
+0.120%
In your favorL ask 4.8447 · S bid 4.8505+$11.97 at entry
24h range −0.99%…+2.23% · median −0.08%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$25.62
−0.26%
$Avg Daily PnL
+$22.88
+0.2288%
★Best Day
+$27.32
Oct 3
◎Open Interest
⚡Funding APR
+83.52%
annualized · funding only
⚠Execution Cost
−$94.27
entry + exit fees
⏱Payback
4.1d
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 + live L2 orderbook slippage on both legs (−$94.27 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.