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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 ~2.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+51.20%
7d Period Avg+51.32%
swing±57.58%
LONG Variational · now
+5.14%
7d avg:+4.97%
SHORT Phoenix · now
+56.33%
7d avg:+56.29%
Entry Spread Now
+0.372%
In your favorL ask 4.8388 · S bid 4.8568+$37.22 at entry
24h range −2.41%…+6.47% · median +0.30%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
+$61.30
+0.61%
$Avg Daily PnL
+$13.94
+0.1394%
★Best Day
+$31.04
Sep 28
◎Open Interest
Variational$13.16M
Phoenix$2.13M⚡Funding APR
+50.90%
annualized · funding only
⚠Execution Cost
−$36.31
entry + exit fees
⏱Payback
2.6d
to break even
◧24h Volume
Variational$23.23MPhoenix—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 (−$36.31 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.