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updated —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%
7d Period Avg+12.94%
swing±10.02%
LONG Binance Futures · now
+10.96%
7d avg:−2.19%
SHORT Phemex · now
+10.96%
7d avg:+10.75%
Entry Spread Now
−0.005%
NeutralL 0.2249 · S 0.2249
24h range −0.25%…+0.39% · median −0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$10.79
−0.11%
$Avg Daily PnL
+$3.60
+0.0360%
★Best Day
+$7.15
Sep 24
◎Open Interest
⚡Funding APR
+13.15%
annualized · funding only
⚠Execution Cost
−$36.02
entry + exit fees
⏱Payback
10.0d
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 (−$36.02 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.