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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
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+154.20%
7d Period Avg+77.65%
swing±51.39%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Toobit · nowGOOGL-SWAP-USDT
+154.20%
7d avg:+77.65%
Entry Spread Now
+0.000%
NeutralL ask 349.1400 · S bid 349.1400
24h range −0.39%…+0.63% · median −0.03%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$56.43
+0.56%
$Avg Daily PnL
+$21.26
+0.2126%
★Best Day
+$29.81
Sep 29
◎Open Interest
Phemex$2.67M
Toobit$12.09M⚡Funding APR
+77.60%
annualized · funding only
⚠Execution Cost
−$92.39
entry + exit fees
⏱Payback
4.3d
to break even
◧24h Volume
Phemex$227.3KToobit$34.44MLoading 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 (−$92.39 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.