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updated —TRX Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+21.69%
1d Period Avg+24.75%
swing±14.55%
LONG Backpack · nowTRX_USDC_PERP
−10.72%
1d avg:−37.73%
SHORT Phoenix · now
+10.97%
1d avg:−12.98%
Entry Spread Now
−0.047%
Eaten by executionL 0.3197 · S 0.3195−$4.69 if it converges
24h range −0.42%…+0.54% · median +0.10%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$17.28
−0.17%
$Avg Daily PnL
+$6.78
+0.0678%
★Best Day
+$6.40
Nov 2
◎Open Interest
Backpack$242.7K
Phoenix$32.1K⚡Funding APR
+24.74%
annualized · funding only
⚠Execution Cost
−$24.06
entry + exit fees
⏱Payback
3.5d
to break even
◧24h Volume
Backpack$32.9KPhoenix—Loading 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 (−$24.06 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.