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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+18.28%
swing±22.86%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Variational · now
+0.00%
3d avg:+18.28%
Entry Spread Now
−0.163%
Against youL ask 162.9800 · S bid 162.7140−$16.32 at entry
24h range −0.89%…+0.20% · median −0.11%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$59.56
−0.60%
$Avg Daily PnL
+$5.00
+0.0500%
★Best Day
+$6.28
Nov 11
◎Open Interest
Phemex$1.50M
Variational$11.92M⚡Funding APR
+18.26%
annualized · funding only
⚠Execution Cost
−$74.57
entry + exit fees
⏱Payback
14.9d
to break even
◧24h Volume
Phemex$148.2KVariational$19.50MLoading 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 (−$74.57 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.