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updated 4:49:20 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~5.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+25.80%
3d Period Avg+24.67%
swing±15.09%
LONG ApeX · now
+1.23%
3d avg:+5.16%
SHORT Phoenix · now
+27.03%
3d avg:+29.83%
Entry Spread Now
−0.219%
Against youL ask 1,140.77 · S bid 1,138.27−$21.92 at entry
24h range −2.79%…+2.48% · median +0.07%
Long pays every1hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$15.67
−0.16%
$Avg Daily PnL
+$5.07
+0.0507%
★Best Day
+$5.94
Sep 12
◎Open Interest
ApeX$89.7K
Phoenix$4.79M⚡Funding APR
+18.49%
annualized · funding only
⚠Execution Cost
−$35.93
entry + exit fees
⏱Payback
7.1d
to break even
◧24h Volume
ApeX$618.8KPhoenix—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 (−$35.93 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.