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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 ~4.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+39.19%
3d Period Avg+58.63%
swing±26.87%
LONG OKX · nowJUP-USDT-SWAP
+5.65%
3d avg:−12.21%
SHORT Phemex · now
+44.83%
3d avg:+46.42%
Entry Spread Now
+0.343%
In your favorL 0.3209 · S 0.3220+$34.28 if it converges
24h range −0.45%…+0.91% · median +0.25%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$0.44
+0.00%
$Avg Daily PnL
+$16.05
+0.1605%
★Best Day
+$18.24
Sep 30
◎Open Interest
⚡Funding APR
+58.59%
annualized · funding only
⚠Execution Cost
−$47.72
entry + exit fees
⏱Payback
3.0d
to break even
◧24h Volume
Loading 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 (−$47.72 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.