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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 ~1.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+84.11%
7d Period Avg+18.80%
swing±36.60%
LONG Phoenix · now
+0.27%
7d avg:+26.82%
SHORT Toobit · nowTSLA-SWAP-USDT
+84.38%
7d avg:+45.62%
Entry Spread Now
−0.101%
Against youL ask 354.9300 · S bid 354.5700−$10.14 at entry
24h range −0.69%…+0.87% · median +0.08%
Long pays every1hShort pays every8h
LONGmaker0.005%/taker0.035%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$6.28
+0.06%
$Avg Daily PnL
+$5.37
+0.0537%
★Best Day
+$15.08
Sep 29
◎Open Interest
Phoenix$1.08M
Toobit$4.46M⚡Funding APR
+19.62%
annualized · funding only
⚠Execution Cost
−$31.34
entry + exit fees
⏱Payback
5.8d
to break even
◧24h Volume
Phoenix—Toobit$12.66MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$31.34 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.