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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 ~0.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+144.36%
3d Period Avg+90.49%
swing±18.67%
LONG Phemex · now
−133.40%
3d avg:−81.60%
SHORT Binance Futures · now
+10.96%
3d avg:+8.89%
Entry Spread Now
−0.128%
Against youL 3.1360 · S 3.1320−$12.76 if it converges
24h range −0.47%…+0.49% · median +0.06%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$52.32
+0.52%
$Avg Daily PnL
+$24.77
+0.2477%
★Best Day
+$29.38
Sep 27
◎Open Interest
Phemex$1.72M
Binance Futures$30.56M⚡Funding APR
+90.43%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
21.4h
to break even
◧24h Volume
Phemex$576.9KBinance Futures$34.28MLoading 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.