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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%
7d Period Avg+11.28%
swing±54.52%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Binance Futures · now
+0.00%
7d avg:+11.28%
Entry Spread Now
−0.055%
Against youL ask 162.9800 · S bid 162.8900−$5.52 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
−$57.60
−0.58%
$Avg Daily PnL
+$3.09
+0.0309%
★Best Day
+$12.51
Nov 12
◎Open Interest
Phemex$1.50M
Binance Futures$383.63M⚡Funding APR
+11.27%
annualized · funding only
⚠Execution Cost
−$79.22
entry + exit fees
⏱Payback
25.6d
to break even
◧24h Volume
Phemex$148.2KBinance Futures$1.84BLoading 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 (−$79.22 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.