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updated —NVDA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+25.95%
swing±24.65%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Binance Futures · now
+0.00%
3d avg:+25.95%
Entry Spread Now
−0.012%
Against youL ask 163.0000 · S bid 162.9800−$1.23 at entry
24h range −0.40%…+0.06% · median −0.04%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$37.68
−0.38%
$Avg Daily PnL
+$7.10
+0.0710%
★Best Day
+$12.51
Nov 12
◎Open Interest
Phemex$1.50M
Binance Futures$384.00M⚡Funding APR
+25.93%
annualized · funding only
⚠Execution Cost
−$58.99
entry + exit fees
⏱Payback
8.3d
to break even
◧24h Volume
Phemex$147.3KBinance Futures$1.82BLoading 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 (−$58.99 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.