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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%
3d Period Avg+22.90%
swing±18.74%
LONG MEXC · now
+10.96%
3d avg:+7.52%
SHORT Phemex · now
+10.96%
3d avg:+30.42%
Entry Spread Now
+0.089%
Eaten by executionL 1.2349 · S 1.2360+$8.91 if it converges
24h range −0.29%…+0.56% · median +0.11%
Long pays every8hShort pays every8h
LONGmaker0%/taker0.020%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$24.96
−0.25%
$Avg Daily PnL
+$6.27
+0.0627%
★Best Day
+$8.92
Sep 29
◎Open Interest
⚡Funding APR
+22.88%
annualized · funding only
⚠Execution Cost
−$43.76
entry + exit fees
⏱Payback
7.0d
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 (−$43.76 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.