← Back to Screener
updated 7:16:06 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~16d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+18.16%
1d Period Avg+20.03%
swing±19.29%
LONG Phoenix · now
+0.00%
1d avg:−5.38%
SHORT RiseX · nowXRP-PERP
+18.16%
1d avg:+14.65%
Entry Spread Now
−0.092%
Against youL ask 1.3510 · S bid 1.3498−$9.25 at entry
24h range −1.40%…+0.92% · median −0.02%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.010%/taker0.030%
Loading Funding History…
↗Total PnL
−$69.96
−0.70%
$Avg Daily PnL
+$3.84
+0.0384%
★Best Day
+$4.59
Sep 1
◎Open Interest
Phoenix$17.9K
RiseX$473.5K⚡Funding APR
+14.03%
annualized · funding only
⚠Execution Cost
−$77.65
entry + exit fees
⏱Payback
20.2d
to break even
◧24h Volume
Phoenix—RiseX$1.30MLoading 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 (−$77.65 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.