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updated —TAO Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−4.72%
7d Period Avg+20.08%
swing±23.65%
LONG Phemex · now
+6.04%
7d avg:−11.85%
SHORT Binance Futures · now
+1.33%
7d avg:+8.23%
Entry Spread Now
−0.019%
NeutralL 208.0000 · S 207.9615
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
+$9.06
+0.09%
$Avg Daily PnL
+$5.50
+0.0550%
★Best Day
+$16.69
Nov 8
◎Open Interest
Phemex$2.33M
Binance Futures$49.53M⚡Funding APR
+20.06%
annualized · funding only
⚠Execution Cost
−$29.42
entry + exit fees
⏱Payback
5.3d
to break even
◧24h Volume
Phemex$7.45MBinance Futures$114.33MLoading 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 (−$29.42 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.