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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 ~4.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+26.99%
7d Period Avg+44.27%
swing±13.61%
LONG grvt · nowLINK_USDT_Perp
−1.10%
7d avg:+0.45%
SHORT Phemex · now
+25.89%
7d avg:+44.72%
Entry Spread Now
+0.145%
In your favorL ask 14.4410 · S bid 14.4620+$14.54 at entry
24h range −0.06%…+0.36% · median +0.13%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$48.24
+0.48%
$Avg Daily PnL
+$12.12
+0.1212%
★Best Day
+$16.06
Sep 29
◎Open Interest
grvt$653.0K
Phemex$20.91M⚡Funding APR
+44.24%
annualized · funding only
⚠Execution Cost
−$36.60
entry + exit fees
⏱Payback
3.0d
to break even
◧24h Volume
grvt$2.68MPhemex$7.91MLoading 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 (−$36.60 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.