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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 ~1.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+68.24%
3d Period Avg+33.41%
swing±65.94%
LONG Variational · now
−11.33%
3d avg:+3.67%
SHORT Phoenix · now
+56.91%
3d avg:+37.08%
Entry Spread Now
+0.567%
In your favorL ask 4.7754 · S bid 4.8025+$56.73 at entry
24h range −2.41%…+6.47% · median +0.38%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$5.19
−0.05%
$Avg Daily PnL
+$10.21
+0.1021%
★Best Day
+$21.03
Sep 29
◎Open Interest
Variational$12.73M
Phoenix$2.10M⚡Funding APR
+37.28%
annualized · funding only
⚠Execution Cost
−$35.83
entry + exit fees
⏱Payback
3.5d
to break even
◧24h Volume
Variational$24.44MPhoenix—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 (−$35.83 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.