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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−2.58%
7d Period Avg+13.39%
swing±18.08%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Variational · now
−2.58%
7d avg:+13.39%
Entry Spread Now
−0.057%
Eaten by executionL 88.8700 · S 88.8197−$5.66 if it converges
24h range −0.19%…+0.11% · median −0.02%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$13.66
+0.14%
$Avg Daily PnL
+$3.67
+0.0367%
★Best Day
+$11.30
Sep 25
◎Open Interest
⚡Funding APR
+13.38%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
3.3d
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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.