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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
−51.69%
7d Period Avg+13.92%
swing±15.99%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Bybit · now
−51.69%
7d avg:+13.92%
Entry Spread Now
+0.041%
Eaten by executionL 62.7600 · S 62.7860+$4.14 if it converges
24h range −0.07%…+0.20% · median +0.03%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$79.75
−0.80%
$Avg Daily PnL
+$3.81
+0.0381%
★Best Day
+$5.69
Sep 25
◎Open Interest
⚡Funding APR
+13.91%
annualized · funding only
⚠Execution Cost
−$106.43
entry + exit fees
⏱Payback
27.9d
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 (−$106.43 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.