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updated —BTC Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+49.99%
3d Period Avg+13.60%
swing±38.04%
LONG Phemex · now
−1.06%
3d avg:+4.36%
SHORT Perpl · now
+48.93%
3d avg:+17.96%
Entry Spread Now
−0.071%
Against youL ask 77,974.6 · S bid 77,919.3−$7.09 at entry
24h range −0.15%…−0.01% · median −0.04%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0.050%/taker0.088%
Loading Funding History…
↗Total PnL
−$11.23
−0.11%
$Avg Daily PnL
+$3.55
+0.0355%
★Best Day
+$5.24
Nov 1
◎Open Interest
Phemex$178.75M
Perpl$580.1K⚡Funding APR
+12.96%
annualized · funding only
⚠Execution Cost
−$21.88
entry + exit fees
⏱Payback
6.2d
to break even
◧24h Volume
Phemex$31.70MPerpl$6.00MLoading 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 (−$21.88 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.