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updated 10:30:35 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+42.36%
3d Period Avg+30.89%
swing±20.79%
LONG ApeX · now
−22.26%
3d avg:−5.56%
SHORT Phoenix · now
+20.10%
3d avg:+25.33%
Entry Spread Now
+0.140%
In your favorL ask 99.7000 · S bid 99.8400+$14.04 at entry
24h range −1.66%…+1.15% · median +0.05%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
+$2.68
+0.03%
$Avg Daily PnL
+$6.34
+0.0634%
★Best Day
+$8.38
Sep 15
◎Open Interest
ApeX$1.86M
Phoenix$4.84M⚡Funding APR
+23.16%
annualized · funding only
⚠Execution Cost
−$22.70
entry + exit fees
⏱Payback
3.6d
to break even
◧24h Volume
ApeX$3.34MPhoenix—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 (−$22.70 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.