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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+69.12%
3d Period Avg+30.52%
swing±27.55%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Bybit · now
+69.12%
3d avg:+30.52%
Entry Spread Now
−0.102%
Eaten by executionL 88.4400 · S 88.3500−$10.18 if it converges
24h range −0.32%…+0.15% · median +0.00%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$10.86
−0.11%
$Avg Daily PnL
+$8.36
+0.0836%
★Best Day
+$11.96
Sep 26
◎Open Interest
⚡Funding APR
+30.50%
annualized · funding only
⚠Execution Cost
−$35.93
entry + exit fees
⏱Payback
4.3d
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 (−$35.93 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.