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updated —AAPL Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+14.42%
swing±11.37%
LONG Bybit · now
+0.00%
3d avg:−14.42%
SHORT Phemex · now
+0.00%
3d avg:+0.00%
Entry Spread Now
+0.059%
In your favorL ask 357.0000 · S bid 357.2100+$5.88 at entry
24h range −0.04%…+0.23% · median +0.07%
Long pays every8hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$21.23
−0.21%
$Avg Daily PnL
+$3.73
+0.0373%
★Best Day
+$6.25
Nov 12
◎Open Interest
Bybit$28.63M
Phemex$1.76M⚡Funding APR
+13.61%
annualized · funding only
⚠Execution Cost
−$32.42
entry + exit fees
⏱Payback
8.7d
to break even
◧24h Volume
Bybit$14.67MPhemex$226.9KLoading 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 (−$32.42 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.