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updated —BRENT Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+87.10%
swing±97.01%
LONG Binance Futures · nowBZUSDT
+0.00%
3d avg:−87.10%
SHORT Phemex · nowXBRUSDT
+0.00%
3d avg:+0.00%
Entry Spread Now
+0.235%
In your favorL ask 93.5000 · S bid 93.7200+$23.53 at entry
24h range −0.04%…+0.48% · median +0.25%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$84.58
−0.85%
$Avg Daily PnL
+$24.93
+0.2493%
★Best Day
+$39.34
Nov 12
◎Open Interest
Binance Futures$159.09M
Phemex$1.96M⚡Funding APR
+90.99%
annualized · funding only
⚠Execution Cost
−$159.37
entry + exit fees
⏱Payback
6.4d
to break even
◧24h Volume
Binance Futures$275.52MPhemex$46.4KLoading 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 (−$159.37 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.