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updated 8:41:25 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~15d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+19.66%
3d Period Avg+19.54%
swing±23.40%
LONG Phoenix · now
+0.00%
3d avg:−8.84%
SHORT RiseX · nowXRP-PERP
+19.66%
3d avg:+10.70%
Entry Spread Now
−0.054%
Against youL ask 1.3340 · S bid 1.3333−$5.40 at entry
24h range −1.40%…+0.92% · median +0.01%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.010%/taker0.030%
Loading Funding History…
↗Total PnL
−$58.53
−0.59%
$Avg Daily PnL
+$4.92
+0.0492%
★Best Day
+$7.05
Sep 1
◎Open Interest
Phoenix$17.9K
RiseX$473.5K⚡Funding APR
+17.97%
annualized · funding only
⚠Execution Cost
−$78.23
entry + exit fees
⏱Payback
15.9d
to break even
◧24h Volume
Phoenix—RiseX$1.28MLoading 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 (−$78.23 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.