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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 ~6.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+38.31%
3d Period Avg+44.16%
swing±16.90%
LONG Bybit · now
+8.34%
3d avg:+1.00%
SHORT Phemex · now
+46.65%
3d avg:+45.16%
Entry Spread Now
−0.150%
Eaten by executionL 0.1268 · S 0.1266−$14.99 if it converges
24h range −0.55%…+0.91% · median +0.30%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$27.45
−0.27%
$Avg Daily PnL
+$12.09
+0.1209%
★Best Day
+$15.33
Sep 29
◎Open Interest
⚡Funding APR
+44.13%
annualized · funding only
⚠Execution Cost
−$63.72
entry + exit fees
⏱Payback
5.3d
to break even
◧24h Volume
Loading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + fees only (orderbook snapshot stale) on both legs (−$63.72 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.