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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 ~54d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.28%
7d Period Avg+18.67%
swing±29.65%
LONG Phemex · now
+7.68%
7d avg:−19.79%
SHORT Bybit · now
+10.96%
7d avg:−1.12%
Entry Spread Now
+0.076%
Eaten by executionL 4.6140 · S 4.6175+$7.59 if it converges
24h range −0.10%…+0.24% · median +0.04%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$12.51
−0.13%
$Avg Daily PnL
+$5.11
+0.0511%
★Best Day
+$15.62
Sep 26
◎Open Interest
Phemex$1.84M
Bybit$34.46M⚡Funding APR
+18.65%
annualized · funding only
⚠Execution Cost
−$48.28
entry + exit fees
⏱Payback
9.4d
to break even
◧24h Volume
Phemex$2.10MBybit$15.06MLoading 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 (−$48.28 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.