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updated 10:55:34 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+49.70%
1d Period Avg+42.73%
swing±7.30%
LONG Hotcoin · now
−16.44%
1d avg:−15.64%
SHORT Phoenix · now
+33.26%
1d avg:+27.09%
Entry Spread Now
+0.115%
In your favorL ask 112.8800 · S bid 113.0100+$11.52 at entry
24h range −2.91%…+1.07% · median +0.00%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$10.56
−0.11%
$Avg Daily PnL
+$5.81
+0.0581%
★Best Day
+$11.35
Sep 18
◎Open Interest
Hotcoin$68.63M
Phoenix$6.58M⚡Funding APR
+21.22%
annualized · funding only
⚠Execution Cost
−$22.19
entry + exit fees
⏱Payback
3.8d
to break even
◧24h Volume
Hotcoin—Phoenix—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 (−$22.19 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.