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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 ~11d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+8.59%
7d Period Avg+5.57%
swing±4.86%
LONG Phoenix · now
+2.37%
7d avg:+5.15%
SHORT Pacifica · now
+10.96%
7d avg:+10.72%
Entry Spread Now
−0.092%
Against youL ask 1,222.64 · S bid 1,221.52−$9.16 at entry
24h range −0.95%…+0.99% · median −0.04%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.015%/taker0.040%
Loading Funding History…
↗Total PnL
−$15.51
−0.16%
$Avg Daily PnL
+$1.48
+0.0148%
★Best Day
+$2.70
Oct 9
◎Open Interest
Phoenix$4.06M
Pacifica$1.39M⚡Funding APR
+5.41%
annualized · funding only
⚠Execution Cost
−$25.88
entry + exit fees
⏱Payback
17.5d
to break even
◧24h Volume
Phoenix—Pacifica$135.0KLoading 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 (−$25.88 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.