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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
+373.55%
1d Period Avg+236.90%
swing±148.67%
LONG Phoenix · now
+0.11%
1d avg:+20.42%
SHORT dYdX · now
+373.66%
1d avg:+257.32%
Entry Spread Now
−1.507%
Against youL 0.5593 · S 0.5508−$150.73 if it converges
24h range −2.75%…+2.07% · median −0.10%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$200.56
−2.01%
$Avg Daily PnL
+$64.85
+0.6485%
★Best Day
+$63.31
Sep 27
◎Open Interest
Phoenix$48.5K
dYdX$286.7K⚡Funding APR
+236.69%
annualized · funding only
⚠Execution Cost
−$265.41
entry + exit fees
⏱Payback
4.1d
to break even
◧24h Volume
Phoenix—dYdX$66.1KLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$265.41 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.