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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 ~277d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.40%
3d Period Avg+5.25%
swing±10.78%
LONG Phemex · now
+1.35%
3d avg:+1.13%
SHORT Binance Futures · now
+1.76%
3d avg:+6.38%
Entry Spread Now
−0.051%
Eaten by executionL 207.5400 · S 207.4351−$5.06 if it converges
24h range −0.29%…+0.33% · median −0.00%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$26.04
−0.26%
$Avg Daily PnL
+$1.44
+0.0144%
★Best Day
+$2.64
Nov 12
◎Open Interest
Phemex$2.32M
Binance Futures$49.43M⚡Funding APR
+5.24%
annualized · funding only
⚠Execution Cost
−$30.35
entry + exit fees
⏱Payback
21.1d
to break even
◧24h Volume
Phemex$7.44MBinance Futures$114.43MLoading 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 (−$30.35 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.