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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 ~10d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+17.79%
3d Period Avg+8.80%
swing±6.20%
LONG Binance Futures · now
−6.84%
3d avg:+0.51%
SHORT Phemex · now
+10.96%
3d avg:+9.31%
Entry Spread Now
−0.057%
Against youL ask 91.1570 · S bid 91.1050−$5.70 at entry
24h range −0.05%…+0.09% · median +0.00%
Long pays every4hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$40.70
−0.41%
$Avg Daily PnL
+$3.40
+0.0340%
★Best Day
+$4.22
Sep 26
◎Open Interest
⚡Funding APR
+12.40%
annualized · funding only
⚠Execution Cost
−$50.89
entry + exit fees
⏱Payback
15.0d
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 (−$50.89 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.