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updated —ICP Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+103.41%
3d Period Avg+119.38%
swing±9.69%
LONG Phemex · now
−92.45%
3d avg:−108.42%
SHORT BingX · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.293%
In your favorL 2.3920 · S 2.3990+$29.26 if it converges
24h range −0.41%…+0.60% · median +0.13%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$76.05
+0.76%
$Avg Daily PnL
+$32.68
+0.3268%
★Best Day
+$33.98
Nov 13
◎Open Interest
Phemex$1.61M
BingX$1.80M⚡Funding APR
+119.30%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
16.1h
to break even
◧24h Volume
Phemex$647.9KBingX$2.11MLoading 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.