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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 ~1.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+75.11%
3d Period Avg+47.85%
swing±52.31%
LONG Phemex · now
+10.96%
3d avg:+8.52%
SHORT HTX · now
+86.07%
3d avg:+56.37%
Entry Spread Now
+0.025%
Eaten by executionL 0.2615 · S 0.2616+$2.49 if it converges
24h range −0.15%…+0.90% · median +0.33%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$17.30
+0.17%
$Avg Daily PnL
+$13.10
+0.1310%
★Best Day
+$28.09
Sep 30
◎Open Interest
Phemex$2.14M
HTX$305.6K⚡Funding APR
+47.82%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
1.7d
to break even
◧24h Volume
Phemex$10.37MHTX$2.82MLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.