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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 ~5.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+187.92%
3d Period Avg+190.90%
swing±144.66%
LONG Phoenix · now
+0.21%
3d avg:+17.20%
SHORT dYdX · now
+188.12%
3d avg:+208.10%
Entry Spread Now
−2.219%
Against youL 0.5890 · S 0.5759−$221.91 if it converges
24h range −2.75%…+5.67% · median −0.11%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$150.47
−1.50%
$Avg Daily PnL
+$47.05
+0.4705%
★Best Day
+$67.61
Sep 27
◎Open Interest
Phoenix$52.8K
dYdX$299.8K⚡Funding APR
+171.71%
annualized · funding only
⚠Execution Cost
−$291.61
entry + exit fees
⏱Payback
6.2d
to break even
◧24h Volume
Phoenix—dYdX$71.6KLoading 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 (−$291.61 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.