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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 ~9.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+8.60%
3d Period Avg+5.19%
swing±10.70%
LONG Phemex · now
−5.10%
3d avg:+1.13%
SHORT MEXC · now
+3.51%
3d avg:+6.32%
Entry Spread Now
−0.092%
Against youL ask 207.1800 · S bid 206.9900−$9.17 at entry
24h range −0.63%…+0.21% · median +0.00%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0.020%
Loading Funding History…
↗Total PnL
−$16.99
−0.17%
$Avg Daily PnL
+$1.42
+0.0142%
★Best Day
+$2.56
Nov 12
◎Open Interest
Phemex$2.32M
MEXC$60.23M⚡Funding APR
+5.19%
annualized · funding only
⚠Execution Cost
−$21.25
entry + exit fees
⏱Payback
15.0d
to break even
◧24h Volume
Phemex$7.52MMEXC$41.04MLoading 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 (−$21.25 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.