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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+22.21%
swing±19.18%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Bybit · now
+0.00%
7d avg:+22.21%
Entry Spread Now
+0.000%
NeutralL 88.8700 · S 88.8700
24h range −0.13%…+0.15% · median +0.00%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$10.54
+0.11%
$Avg Daily PnL
+$6.08
+0.0608%
★Best Day
+$11.96
Sep 26
◎Open Interest
⚡Funding APR
+22.20%
annualized · funding only
⚠Execution Cost
−$32.03
entry + exit fees
⏱Payback
5.3d
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 (−$32.03 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.