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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 ~9.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+9.03%
7d Period Avg+10.67%
swing±36.45%
LONG Phemex · now
−9.03%
7d avg:+6.32%
SHORT Perpl · now
+0.00%
7d avg:+16.99%
Entry Spread Now
−0.096%
Against youL ask 78,045.5 · S bid 77,970.6−$9.60 at entry
24h range −0.15%…−0.01% · median −0.05%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0.050%/taker0.088%
Loading Funding History…
↗Total PnL
−$3.38
−0.03%
$Avg Daily PnL
+$3.01
+0.0301%
★Best Day
+$7.72
Oct 26
◎Open Interest
Phemex$178.66M
Perpl$585.9K⚡Funding APR
+10.98%
annualized · funding only
⚠Execution Cost
−$24.44
entry + exit fees
⏱Payback
8.1d
to break even
◧24h Volume
Phemex$31.54MPerpl$6.04MLoading 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 (−$24.44 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.