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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 ~4.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+25.36%
7d Period Avg+42.41%
swing±16.23%
LONG Hotcoin · now
+0.17%
7d avg:+3.31%
SHORT Phemex · now
+25.53%
7d avg:+45.72%
Entry Spread Now
+0.139%
In your favorL ask 14.4270 · S bid 14.4470+$13.86 at entry
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
+$45.43
+0.45%
$Avg Daily PnL
+$11.28
+0.1128%
★Best Day
+$16.65
Sep 30
◎Open Interest
Hotcoin$9.19M
Phemex$20.86M⚡Funding APR
+41.17%
annualized · funding only
⚠Execution Cost
−$33.52
entry + exit fees
⏱Payback
3.0d
to break even
◧24h Volume
Hotcoin$21.23MPhemex$7.93MLoading 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 (−$33.52 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.