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updated —KSTR Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+2.20%
swing±49.69%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Bybit · now
+0.00%
7d avg:+2.20%
Entry Spread Now
+0.000%
NeutralL 18.2500 · S 18.2500
24h range −0.33%…+0.66% · median −0.05%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$18.79
−0.19%
$Avg Daily PnL
+$0.60
+0.0060%
★Best Day
+$10.22
Nov 11
◎Open Interest
Phemex$1.47M
Bybit$535.8K⚡Funding APR
+2.20%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
1.3mo
to break even
◧24h Volume
Phemex$72.9KBybit$119.7KLoading 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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.