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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+28.25%
3d Period Avg+11.34%
swing±20.21%
LONG Variational · now
−46.57%
3d avg:−34.55%
SHORT Phemex · now
−18.32%
3d avg:−23.21%
Entry Spread Now
+0.063%
Eaten by executionL 0.3331 · S 0.3333+$6.31 if it converges
24h range −0.09%…+0.18% · median +0.04%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$14.51
−0.15%
$Avg Daily PnL
+$3.10
+0.0310%
★Best Day
+$4.83
Sep 26
◎Open Interest
Variational$544.2K
Phemex$3.66M⚡Funding APR
+11.33%
annualized · funding only
⚠Execution Cost
−$23.82
entry + exit fees
⏱Payback
7.7d
to break even
◧24h Volume
Variational$62.5KPhemex$846.1KLoading 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 (−$23.82 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.