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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 ~3.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+30.44%
3d Period Avg+46.37%
swing±21.32%
LONG Hotcoin · now
+2.56%
3d avg:+4.47%
SHORT Phemex · now
+33.00%
3d avg:+50.84%
Entry Spread Now
+0.147%
Eaten by executionL 14.2930 · S 14.3140+$14.69 if it converges
24h range −0.17%…+0.27% · median +0.13%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$7.29
+0.07%
$Avg Daily PnL
+$12.39
+0.1239%
★Best Day
+$16.65
Sep 30
◎Open Interest
Hotcoin$9.10M
Phemex$20.70M⚡Funding APR
+45.22%
annualized · funding only
⚠Execution Cost
−$29.87
entry + exit fees
⏱Payback
2.4d
to break even
◧24h Volume
Hotcoin$21.09MPhemex$7.82MLoading 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 (−$29.87 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.