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updated —WTI Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+56.60%
swing±61.78%
LONG Variational · nowCL
+0.00%
7d avg:−51.37%
SHORT Phemex · nowXTIUSDT
+0.00%
7d avg:+5.23%
Entry Spread Now
+0.298%
In your favorL 87.5589 · S 87.8200+$29.82 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
+$91.87
+0.92%
$Avg Daily PnL
+$15.50
+0.1550%
★Best Day
+$28.79
Nov 9
◎Open Interest
Variational$9.18M
Phemex$942.9K⚡Funding APR
+56.57%
annualized · funding only
⚠Execution Cost
−$16.61
entry + exit fees
⏱Payback
1.1d
to break even
◧24h Volume
Variational$2.66MPhemex$88.1KLoading 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.