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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 ~72d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.41%
7d Period Avg+19.81%
swing±28.28%
LONG Phemex · now
+8.55%
7d avg:−19.79%
SHORT Binance Futures · now
+10.96%
7d avg:+0.02%
Entry Spread Now
−0.011%
NeutralL 4.6190 · S 4.6185
24h range −0.77%…+0.50% · median −0.01%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$9.31
−0.09%
$Avg Daily PnL
+$5.42
+0.0542%
★Best Day
+$14.13
Sep 26
◎Open Interest
Phemex$1.84M
Binance Futures$76.17M⚡Funding APR
+19.80%
annualized · funding only
⚠Execution Cost
−$47.28
entry + exit fees
⏱Payback
8.7d
to break even
◧24h Volume
Phemex$2.11MBinance Futures$40.14MLoading 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 (−$47.28 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.