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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 ~2.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+26.22%
7d Period Avg+16.99%
swing±18.96%
LONG Phemex · now
−15.26%
7d avg:−11.92%
SHORT Variational · now
+10.96%
7d avg:+5.07%
Entry Spread Now
−0.041%
Eaten by executionL 207.3600 · S 207.2745−$4.12 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
+$13.09
+0.13%
$Avg Daily PnL
+$4.60
+0.0460%
★Best Day
+$11.13
Nov 8
◎Open Interest
Phemex$2.32M
Variational$1.17M⚡Funding APR
+16.79%
annualized · funding only
⚠Execution Cost
−$19.10
entry + exit fees
⏱Payback
4.2d
to break even
◧24h Volume
Phemex$7.43MVariational$1.31MLoading 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 (−$19.10 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.