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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
+58.87%
7d Period Avg+83.28%
swing±29.71%
LONG Phemex · now
−48.28%
7d avg:−75.63%
SHORT Binance Futures · now
+10.58%
7d avg:+7.65%
Entry Spread Now
+0.133%
In your favorL 3.1070 · S 3.1111+$13.30 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
+$137.60
+1.38%
$Avg Daily PnL
+$22.80
+0.2280%
★Best Day
+$29.38
Sep 27
◎Open Interest
Phemex$1.71M
Binance Futures$30.11M⚡Funding APR
+83.22%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
23.0h
to break even
◧24h Volume
Phemex$580.3KBinance Futures$33.69MLoading 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.