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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 ~1.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+63.85%
3d Period Avg+110.84%
swing±17.69%
LONG Phemex · now
−44.33%
3d avg:−94.22%
SHORT BloFin · now
+19.52%
3d avg:+16.62%
Entry Spread Now
−0.062%
Eaten by executionL 3.2490 · S 3.2470−$6.16 if it converges
24h range −0.90%…+0.58% · median +0.06%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$67.04
+0.67%
$Avg Daily PnL
+$30.35
+0.3035%
★Best Day
+$33.61
Sep 30
◎Open Interest
Phemex$1.71M
BloFin$1.37M⚡Funding APR
+110.76%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
19.0h
to break even
◧24h Volume
Phemex$601.6KBloFin$738.6KLoading 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 (−$24.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.