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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 ~1.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+105.93%
1d Period Avg+94.07%
swing±10.06%
LONG Phoenix · nowSILVER
−0.06%
1d avg:+7.73%
SHORT Meridian · nowXAGXAGUSD
+105.87%
1d avg:+101.80%
Entry Spread Now
+0.013%
In your favorL ask 60.4610 · S bid 60.4690+$1.32 at entry
24h range −1.81%…+1.34% · median −0.06%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0%/taker0.030%
Loading Funding History…
↗Total PnL
−$2.80
−0.03%
$Avg Daily PnL
+$25.66
+0.2566%
★Best Day
+$22.35
Oct 2
◎Open Interest
Phoenix$45.7K
Meridian$3.6K⚡Funding APR
+93.66%
annualized · funding only
⚠Execution Cost
−$28.46
entry + exit fees
⏱Payback
1.1d
to break even
◧24h Volume
Phoenix—Meridian$6.9KLoading 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 (−$28.46 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.