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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 ~4.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+40.91%
3d Period Avg−15.76%
swing±19.44%
LONG Phoenix · now
+0.29%
3d avg:+41.66%
SHORT Lighter · now
+41.20%
3d avg:+25.90%
Entry Spread Now
−7.993%
Against youL ask 0.5780 · S bid 0.5318−$799.27 at entry
24h range −2.97%…+4.80% · median +0.12%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$62.24
−0.62%
$Avg Daily PnL
−$4.02
−0.0402%
★Best Day
−$1.29
Oct 2
◎Open Interest
⚡Funding APR
−14.68%
annualized · funding only
⚠Execution Cost
−$50.17
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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 (−$50.17 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.