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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
+35.05%
7d Period Avg+31.93%
swing±10.51%
LONG Bybit · now
+10.96%
7d avg:+7.40%
SHORT Phemex · now
+46.01%
7d avg:+39.33%
Entry Spread Now
+0.194%
In your favorL ask 13.9200 · S bid 13.9470+$19.40 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
+$30.16
+0.30%
$Avg Daily PnL
+$8.74
+0.0874%
★Best Day
+$11.75
Sep 22
◎Open Interest
Bybit$87.20M
Phemex$21.02M⚡Funding APR
+31.91%
annualized · funding only
⚠Execution Cost
−$31.04
entry + exit fees
⏱Payback
3.5d
to break even
◧24h Volume
Bybit$44.77MPhemex$8.90MLoading 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 (−$31.04 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.