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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 ~1.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+50.69%
3d Period Avg+100.78%
swing±17.13%
LONG Phemex · now
−44.33%
3d avg:−94.22%
SHORT MEXC · now
+6.36%
3d avg:+6.56%
Entry Spread Now
−0.092%
Against youL 3.2490 · S 3.2460−$9.23 if it converges
24h range −0.80%…+0.65% · median +0.09%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0.020%
Loading Funding History…
↗Total PnL
+$66.78
+0.67%
$Avg Daily PnL
+$27.59
+0.2759%
★Best Day
+$31.10
Sep 30
◎Open Interest
Phemex$1.71M
MEXC$17.28M⚡Funding APR
+100.71%
annualized · funding only
⚠Execution Cost
−$16.00
entry + exit fees
⏱Payback
13.9h
to break even
◧24h Volume
Phemex$601.6KMEXC$9.14MLoading 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 (−$16.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.