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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 ~3.2d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+38.14%
3d Period Avg+34.78%
swing±7.16%
LONG Binance Futures · now
+5.42%
3d avg:+7.23%
SHORT Phemex · now
+43.56%
3d avg:+42.01%
Entry Spread Now
+0.171%
In your favorL ask 14.0240 · S bid 14.0480+$17.11 at entry
24h range +0.02%…+0.19% · median +0.14%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$4.95
−0.05%
$Avg Daily PnL
+$9.61
+0.0961%
★Best Day
+$10.15
Sep 27
◎Open Interest
Binance Futures$135.27M
Phemex$21.14M⚡Funding APR
+35.07%
annualized · funding only
⚠Execution Cost
−$33.77
entry + exit fees
⏱Payback
3.5d
to break even
◧24h Volume
Binance Futures$180.08MPhemex$8.88MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$33.77 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.