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updated 4:51:14 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+37.33%
3d Period Avg+59.82%
swing±19.50%
LONG TxFlow · now
−5.55%
3d avg:−31.99%
SHORT Phoenix · now
+31.78%
3d avg:+27.83%
Entry Spread Now
+0.189%
In your favorL ask 2.4380 · S bid 2.4426+$18.87 at entry
24h range −2.04%…+2.23% · median +0.13%
Long pays every1hShort pays every1h
LONGmaker0.015%/taker0.045%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
+$8.56
+0.09%
$Avg Daily PnL
+$12.28
+0.1228%
★Best Day
+$19.50
Sep 12
◎Open Interest
TxFlow$587.5K
Phoenix$265.6K⚡Funding APR
+44.84%
annualized · funding only
⚠Execution Cost
−$40.57
entry + exit fees
⏱Payback
3.3d
to break even
◧24h Volume
TxFlow$236.1KPhoenix—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 (−$40.57 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.