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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
−22.79%
3d Period Avg+8.62%
swing±30.87%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Lighter · now
−22.79%
3d avg:+8.62%
Entry Spread Now
−0.102%
Eaten by executionL 62.0200 · S 61.9570−$10.16 if it converges
24h range −0.15%…+0.27% · median +0.07%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$87.70
−0.88%
$Avg Daily PnL
+$2.96
+0.0296%
★Best Day
+$8.27
Sep 25
◎Open Interest
⚡Funding APR
+10.79%
annualized · funding only
⚠Execution Cost
−$96.57
entry + exit fees
⏱Payback
1.1mo
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 (−$96.57 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.