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updated 3:34:28 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+67.78%
1d Period Avg+48.29%
swing±13.98%
LONG Hibachi · nowSOL/USDT-P
−33.31%
1d avg:−13.30%
SHORT Phoenix · now
+34.47%
1d avg:+34.99%
Entry Spread Now
−0.050%
Against youL ask 101.9810 · S bid 101.9300−$5.00 at entry
24h range −0.74%…+1.82% · median +0.10%
Long pays every1hShort pays every1h
LONGmaker0%/taker0.045%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$7.49
−0.07%
$Avg Daily PnL
+$6.61
+0.0661%
★Best Day
+$8.86
Sep 14
◎Open Interest
Hibachi$125.3K
Phoenix$6.44M⚡Funding APR
+24.13%
annualized · funding only
⚠Execution Cost
−$20.71
entry + exit fees
⏱Payback
3.1d
to break even
◧24h Volume
Hibachi$169.5KPhoenix—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 (−$20.71 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.