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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
+86.14%
7d Period Avg+44.76%
swing±29.39%
LONG OKX · nowJUP-USDT-SWAP
−6.40%
7d avg:−1.76%
SHORT Phemex · now
+79.74%
7d avg:+43.00%
Entry Spread Now
+0.308%
In your favorL 0.3243 · S 0.3253+$30.84 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
+$40.51
+0.41%
$Avg Daily PnL
+$12.25
+0.1225%
★Best Day
+$18.24
Sep 30
◎Open Interest
⚡Funding APR
+44.73%
annualized · funding only
⚠Execution Cost
−$45.27
entry + exit fees
⏱Payback
3.7d
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 (−$45.27 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.