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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 ~1.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+638.08%
30d Period Avg−22.82%
swing±136.68%
LONG Phoenix · now
+1.62%
30d avg:+89.70%
SHORT MEXC · now
+639.70%
30d avg:+66.88%
Entry Spread Now
−0.480%
Eaten by executionL 0.2541 · S 0.2529−$48.00 if it converges
24h range −3.15%…+4.56% · median +0.27%
Long pays every1hShort pays every4h
LONGmaker0.005%/taker0.035%SHORTmaker0%/taker0.020%
Limited funding history — chart clipped to available data
- Phoenix (Long): data starts Sep 16, 2026 (11d available out of 30d requested)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Sparse settlements: long 38%, short 62% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$363.08
−3.63%
$Avg Daily PnL
−$5.27
−0.0527%
★Best Day
+$6.28
Sep 12
◎Open Interest
Phoenix$119.4K
MEXC$741.8K⚡Funding APR
−19.23%
annualized · funding only
⚠Execution Cost
−$247.18
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Phoenix—MEXC$688.8KLoading 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 (−$247.18 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.