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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 ~4.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+38.88%
30d Period Avg+7.46%
swing±15.70%
LONG Bybit · now
−10.04%
30d avg:+7.40%
SHORT Phemex · now
+28.84%
30d avg:+14.86%
Entry Spread Now
+0.410%
In your favorL 0.1267 · S 0.1272+$41.05 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
+$16.19
+0.16%
$Avg Daily PnL
+$2.04
+0.0204%
★Best Day
+$15.33
Sep 29
◎Open Interest
Bybit$12.68M
Phemex$3.86M⚡Funding APR
+7.45%
annualized · funding only
⚠Execution Cost
−$45.08
entry + exit fees
⏱Payback
22.1d
to break even
◧24h Volume
Bybit$8.83MPhemex$1.51MLoading 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 (−$45.08 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.