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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 ~1.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+34.59%
3d Period Avg−16.61%
swing±30.51%
LONG Phoenix · now
+0.04%
3d avg:−8.63%
SHORT Crypto.com · nowXLMUSD-PERP
+34.63%
3d avg:−25.24%
Entry Spread Now
+0.066%
Eaten by executionL 0.2256 · S 0.2257+$6.65 if it converges
24h range −1.23%…+1.67% · median −0.01%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$30.14
−0.30%
$Avg Daily PnL
−$4.38
−0.0438%
★Best Day
+$3.42
Oct 2
◎Open Interest
⚡Funding APR
−15.99%
annualized · funding only
⚠Execution Cost
−$17.00
entry + exit fees
⏱Payback
never
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 + fees only (orderbook snapshot stale) on both legs (−$17.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.