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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 ~5.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+16.85%
3d Period Avg+37.55%
swing±16.02%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Hotcoin · now
+16.85%
3d avg:+37.55%
Entry Spread Now
+0.012%
NeutralL 81.9500 · S 81.9600
24h range −0.30%…+0.19% · median +0.01%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$4.40
+0.04%
$Avg Daily PnL
+$10.28
+0.1028%
★Best Day
+$10.05
Sep 29
◎Open Interest
Phemex$939.6K
Hotcoin$17.45M⚡Funding APR
+37.53%
annualized · funding only
⚠Execution Cost
−$26.44
entry + exit fees
⏱Payback
2.6d
to break even
◧24h Volume
Phemex$43.9KHotcoin$25.13MLoading 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 (−$26.44 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.