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updated —TAO Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~11d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+9.61%
3d Period Avg+9.33%
swing±12.37%
LONG Phemex · now
+1.35%
3d avg:+1.13%
SHORT Aster · now
+10.96%
3d avg:+10.46%
Entry Spread Now
+0.106%
Eaten by executionL 207.5400 · S 207.7600+$10.60 if it converges
24h range −0.32%…+0.33% · median +0.04%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
−$20.69
−0.21%
$Avg Daily PnL
+$2.55
+0.0255%
★Best Day
+$4.51
Nov 12
◎Open Interest
Phemex$2.32M
Aster$731.8K⚡Funding APR
+9.33%
annualized · funding only
⚠Execution Cost
−$28.35
entry + exit fees
⏱Payback
11.1d
to break even
◧24h Volume
Phemex$7.44MAster$2.31MLoading 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 (−$28.35 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.