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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 ~27d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+12.96%
3d Period Avg+8.10%
swing±12.59%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Bybit · now
+12.96%
3d avg:+8.10%
Entry Spread Now
−0.020%
Against youL ask 343.7300 · S bid 343.6600−$2.04 at entry
24h range −0.08%…+0.05% · median −0.01%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$88.58
−0.89%
$Avg Daily PnL
+$2.22
+0.0222%
★Best Day
+$5.08
Sep 25
◎Open Interest
⚡Funding APR
+8.10%
annualized · funding only
⚠Execution Cost
−$95.23
entry + exit fees
⏱Payback
1.4mo
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 + live L2 orderbook slippage on both legs (−$95.23 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.