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updated —WTI Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~10d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.79%
3d Period Avg+55.66%
swing±56.70%
LONG Variational · nowCL
+0.00%
3d avg:−47.76%
SHORT Phemex · nowXTIUSDT
+5.79%
3d avg:+7.90%
Entry Spread Now
+0.309%
In your favorL 87.5498 · S 87.8200+$30.87 if it converges
24h range +0.05%…+0.68% · median +0.33%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$29.10
+0.29%
$Avg Daily PnL
+$15.24
+0.1524%
★Best Day
+$20.25
Nov 11
◎Open Interest
Variational$9.18M
Phemex$942.2K⚡Funding APR
+55.62%
annualized · funding only
⚠Execution Cost
−$16.61
entry + exit fees
⏱Payback
1.1d
to break even
◧24h Volume
Variational$2.68MPhemex$87.4KLoading 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 (−$16.61 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.