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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 ~5.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+23.93%
3d Period Avg+41.26%
swing±30.75%
LONG Phoenix · nowGOLD
+4.19%
3d avg:+4.05%
SHORT Bullet · nowGOLD-USD
+28.12%
3d avg:+45.31%
Entry Spread Now
+0.093%
In your favorL ask 4,175 · S bid 4,178.9+$9.34 at entry
24h range −0.11%…+0.80% · median +0.19%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
−$0.52
−0.01%
$Avg Daily PnL
+$11.23
+0.1123%
★Best Day
+$17.82
Oct 18
◎Open Interest
Phoenix$92.3K
Bullet$76.6K⚡Funding APR
+40.99%
annualized · funding only
⚠Execution Cost
−$34.21
entry + exit fees
⏱Payback
3.0d
to break even
◧24h Volume
Phoenix—Bullet$26.0KLoading 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 (−$34.21 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.