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updated 9:12:41 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+39.59%
1d Period Avg+26.63%
swing±21.26%
LONG ApeX · now
−22.13%
1d avg:−7.04%
SHORT Phoenix · now
+17.47%
1d avg:+19.59%
Entry Spread Now
+0.119%
In your favorL ask 100.5900 · S bid 100.7100+$11.93 at entry
24h range −1.66%…+1.15% · median +0.06%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$15.88
−0.16%
$Avg Daily PnL
+$3.65
+0.0365%
★Best Day
+$5.54
Sep 17
◎Open Interest
ApeX$1.83M
Phoenix$4.82M⚡Funding APR
+13.30%
annualized · funding only
⚠Execution Cost
−$23.17
entry + exit fees
⏱Payback
6.4d
to break even
◧24h Volume
ApeX$3.29MPhoenix—Loading 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 (−$23.17 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.