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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 ~2.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+29.27%
7d Period Avg+10.10%
swing±16.29%
LONG Variational · now
−43.90%
7d avg:−18.36%
SHORT Phemex · now
−14.63%
7d avg:−8.26%
Entry Spread Now
+0.045%
Eaten by executionL 0.3330 · S 0.3331+$4.51 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
−$4.02
−0.04%
$Avg Daily PnL
+$2.76
+0.0276%
★Best Day
+$4.83
Sep 26
◎Open Interest
Variational$545.5K
Phemex$3.65M⚡Funding APR
+10.09%
annualized · funding only
⚠Execution Cost
−$23.37
entry + exit fees
⏱Payback
8.5d
to break even
◧24h Volume
Variational$69.4KPhemex$887.8KLoading 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 (−$23.37 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.