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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
+0.00%
7d Period Avg+21.33%
swing±17.35%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Bybit · now
+0.00%
7d avg:+21.33%
Entry Spread Now
−0.035%
Against youL ask 343.8200 · S bid 343.7000−$3.49 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
−$50.39
−0.50%
$Avg Daily PnL
+$5.84
+0.0584%
★Best Day
+$12.04
Sep 23
◎Open Interest
Phemex$2.63M
Bybit$15.49M⚡Funding APR
+21.31%
annualized · funding only
⚠Execution Cost
−$91.26
entry + exit fees
⏱Payback
15.6d
to break even
◧24h Volume
Phemex$16.7KBybit$1.20MLoading 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 (−$91.26 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.