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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%
7d Period Avg+8.01%
swing±14.55%
LONG Phemex · now
+10.96%
7d avg:+10.96%
SHORT Binance Futures · now
+10.96%
7d avg:+18.97%
Entry Spread Now
−0.675%
Against youL 0.1241 · S 0.1233−$67.46 if it converges
24h range −1.92%…+1.52% · median +0.01%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$6.64
−0.07%
$Avg Daily PnL
+$2.19
+0.0219%
★Best Day
+$6.84
Sep 23
◎Open Interest
Phemex$1.52M
Binance Futures$25.29M⚡Funding APR
+8.01%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
10.0d
to break even
◧24h Volume
Phemex$2.35MBinance Futures$68.10MLoading 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.