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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 ~0.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+98.30%
3d Period Avg+24.66%
swing±38.64%
LONG Phoenix · now
+0.28%
3d avg:+19.36%
SHORT dYdX · now
+98.57%
3d avg:+44.02%
Entry Spread Now
−0.468%
Against youL 1.9083 · S 1.8994−$46.78 if it converges
24h range −1.75%…+2.20% · median −0.19%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
+$3.25
+0.03%
$Avg Daily PnL
+$6.75
+0.0675%
★Best Day
+$10.26
Oct 1
◎Open Interest
Phoenix$42.5K
dYdX$22.9K⚡Funding APR
+24.63%
annualized · funding only
⚠Execution Cost
−$17.00
entry + exit fees
⏱Payback
2.5d
to break even
◧24h Volume
Phoenix—dYdX$600Loading 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 (−$17.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.