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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
+21.19%
7d Period Avg+26.13%
swing±21.72%
LONG Binance Futures · now
+8.83%
7d avg:+7.38%
SHORT Phemex · now
+30.01%
7d avg:+33.51%
Entry Spread Now
+0.099%
Eaten by executionL 1.2607 · S 1.2620+$9.95 if it converges
24h range −0.07%…+0.36% · median +0.18%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$3.40
−0.03%
$Avg Daily PnL
+$7.85
+0.0785%
★Best Day
+$16.63
Sep 26
◎Open Interest
Binance Futures$41.40M
Phemex$2.80M⚡Funding APR
+28.63%
annualized · funding only
⚠Execution Cost
−$58.32
entry + exit fees
⏱Payback
7.4d
to break even
◧24h Volume
Binance Futures$61.37MPhemex$1.77MLoading 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 (−$58.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.