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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−1.66%
3d Period Avg+3.63%
swing±5.78%
LONG Binance Futures · now
+10.96%
3d avg:+7.25%
SHORT Phemex · now
+9.30%
3d avg:+10.88%
Entry Spread Now
+0.322%
In your favorL 0.09564 · S 0.09595+$32.19 if it converges
24h range −0.27%…+0.39% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$19.23
−0.19%
$Avg Daily PnL
+$0.92
+0.0092%
★Best Day
+$1.20
Sep 26
◎Open Interest
Binance Futures$33.37M
Phemex$2.17M⚡Funding APR
+3.38%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
23.8d
to break even
◧24h Volume
Binance Futures$39.78MPhemex$2.86MLoading 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.