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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 ~11d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+20.47%
7d Period Avg+27.13%
swing±21.55%
LONG Bybit · now
+10.96%
7d avg:+7.76%
SHORT Phemex · now
+31.43%
7d avg:+34.89%
Entry Spread Now
+0.175%
Eaten by executionL 1.2538 · S 1.2560+$17.55 if it converges
24h range +0.06%…+0.41% · median +0.20%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$7.32
−0.07%
$Avg Daily PnL
+$7.43
+0.0743%
★Best Day
+$16.63
Sep 26
◎Open Interest
⚡Funding APR
+27.12%
annualized · funding only
⚠Execution Cost
−$59.32
entry + exit fees
⏱Payback
8.0d
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 (−$59.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.