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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 ~2.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+36.54%
7d Period Avg+1.05%
swing±6.77%
LONG Phemex · now
−25.58%
7d avg:+9.91%
SHORT grvt · nowENA_USDT_Perp
+10.96%
7d avg:+10.96%
Entry Spread Now
+0.135%
In your favorL 0.2595 · S 0.2599+$13.49 if it converges
24h range −0.43%…+0.27% · median −0.01%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$20.00
−0.20%
$Avg Daily PnL
+$0.29
+0.0029%
★Best Day
+$2.00
Oct 1
◎Open Interest
Phemex$2.00M
grvt$470.6K⚡Funding APR
+1.04%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
2.6mo
to break even
◧24h Volume
Phemex$10.39Mgrvt$4.95MLoading 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.