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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 ~1.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+69.22%
7d Period Avg+31.75%
swing±26.10%
LONG Lighter · now
+10.52%
7d avg:+11.25%
SHORT Phemex · now
+79.74%
7d avg:+43.00%
Entry Spread Now
+0.160%
Eaten by executionL 0.3248 · S 0.3253+$16.01 if it converges
24h range −0.48%…+0.77% · median +0.19%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$26.80
+0.27%
$Avg Daily PnL
+$8.87
+0.0887%
★Best Day
+$17.98
Sep 26
◎Open Interest
⚡Funding APR
+32.37%
annualized · funding only
⚠Execution Cost
−$35.27
entry + exit fees
⏱Payback
4.0d
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 (−$35.27 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.