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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
+6.21%
3d Period Avg+5.99%
swing±14.15%
LONG Phemex · now
+4.75%
3d avg:+1.71%
SHORT Variational · now
+10.96%
3d avg:+7.70%
Entry Spread Now
−0.120%
Against youL 207.7400 · S 207.4905−$12.01 if it converges
24h range −0.64%…+0.26% · median −0.09%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$13.81
−0.14%
$Avg Daily PnL
+$1.68
+0.0168%
★Best Day
+$2.93
Nov 12
◎Open Interest
Phemex$2.32M
Variational$1.14M⚡Funding APR
+6.14%
annualized · funding only
⚠Execution Cost
−$18.85
entry + exit fees
⏱Payback
11.2d
to break even
◧24h Volume
Phemex$7.44MVariational$1.30MLoading 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 (−$18.85 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.