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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 ~2.7d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+44.86%
3d Period Avg+33.13%
swing±7.95%
LONG Bybit · now
−1.30%
3d avg:+8.88%
SHORT Phemex · now
+43.56%
3d avg:+42.01%
Entry Spread Now
+0.178%
In your favorL ask 14.0230 · S bid 14.0480+$17.83 at entry
24h range +0.00%…+0.20% · median +0.14%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$6.39
−0.06%
$Avg Daily PnL
+$9.07
+0.0907%
★Best Day
+$9.87
Sep 27
◎Open Interest
Bybit$87.26M
Phemex$21.14M⚡Funding APR
+33.11%
annualized · funding only
⚠Execution Cost
−$33.61
entry + exit fees
⏱Payback
3.7d
to break even
◧24h Volume
Bybit$47.31MPhemex$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 (−$33.61 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.