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updated —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+8.26%
swing±8.91%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Variational · now
+0.00%
7d avg:+8.26%
Entry Spread Now
−0.038%
Against youL ask 63.9000 · S bid 63.8757−$3.80 at entry
24h range −0.18%…+0.04% · median −0.04%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$14.04
−0.14%
$Avg Daily PnL
+$2.26
+0.0226%
★Best Day
+$5.46
Sep 23
◎Open Interest
⚡Funding APR
+8.25%
annualized · funding only
⚠Execution Cost
−$29.87
entry + exit fees
⏱Payback
13.2d
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 (−$29.87 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.