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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+128.42%
swing±129.90%
LONG OKX · nowBZ-USDT-SWAP
+0.00%
3d avg:−128.42%
SHORT Phemex · nowXBRUSDT
+0.00%
3d avg:+0.00%
Entry Spread Now
+0.321%
Eaten by executionL 93.5200 · S 93.8200+$32.08 if it converges
24h range −0.12%…+0.44% · median +0.21%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$66.58
−0.67%
$Avg Daily PnL
+$35.16
+0.3516%
★Best Day
+$66.72
Nov 12
◎Open Interest
OKX$14.72M
Phemex$1.96M⚡Funding APR
+128.33%
annualized · funding only
⚠Execution Cost
−$172.06
entry + exit fees
⏱Payback
4.9d
to break even
◧24h Volume
OKX$17.49MPhemex$46.2KLoading 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 (−$172.06 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.