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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 ~6.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+17.52%
30d Period Avg+27.71%
swing±91.49%
LONG Backpack · nowTRX_USDC_PERP
−6.33%
30d avg:−32.67%
SHORT Phoenix · now
+11.19%
30d avg:−4.96%
Entry Spread Now
+0.042%
Eaten by executionL 0.3132 · S 0.3133+$4.15 if it converges
24h range −0.20%…+0.38% · median +0.11%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
+$83.39
+0.83%
$Avg Daily PnL
+$3.83
+0.0383%
★Best Day
+$32.48
Oct 30
◎Open Interest
Backpack$189.0K
Phoenix$25.5K⚡Funding APR
+13.98%
annualized · funding only
⚠Execution Cost
−$31.55
entry + exit fees
⏱Payback
8.2d
to break even
◧24h Volume
Backpack$2.2KPhoenix—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 (−$31.55 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.