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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+31.30%
swing±36.10%
LONG Phemex · now
+10.96%
3d avg:+10.96%
SHORT BingX · now
+10.96%
3d avg:+42.26%
Entry Spread Now
−0.061%
Eaten by executionL 0.1481 · S 0.1480−$6.08 if it converges
24h range −2.72%…+11.45% · median +0.07%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$3.71
+0.04%
$Avg Daily PnL
+$8.57
+0.0857%
★Best Day
+$14.81
Sep 27
◎Open Interest
Phemex$1.76M
BingX$2.47M⚡Funding APR
+31.28%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
2.6d
to break even
◧24h Volume
Phemex$2.33MBingX$2.91MLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.