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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 ~10d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+9.33%
7d Period Avg+34.78%
swing±21.64%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Hotcoin · now
+9.33%
7d avg:+34.78%
Entry Spread Now
+0.049%
Eaten by executionL 82.0800 · S 82.1200+$4.87 if it converges
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
+$40.21
+0.40%
$Avg Daily PnL
+$9.52
+0.0952%
★Best Day
+$11.84
Sep 26
◎Open Interest
Phemex$940.9K
Hotcoin$17.49M⚡Funding APR
+34.75%
annualized · funding only
⚠Execution Cost
−$26.44
entry + exit fees
⏱Payback
2.8d
to break even
◧24h Volume
Phemex$42.9KHotcoin$24.87MLoading 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.