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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+36.04%
swing±43.58%
LONG Phemex · now
+10.96%
7d avg:+10.96%
SHORT BingX · now
+10.96%
7d avg:+47.00%
Entry Spread Now
−0.055%
Eaten by executionL 0.1461 · S 0.1460−$5.48 if it converges
24h range −2.72%…+11.45% · median +0.09%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$47.08
+0.47%
$Avg Daily PnL
+$9.87
+0.0987%
★Best Day
+$23.03
Sep 23
◎Open Interest
Phemex$1.73M
BingX$2.47M⚡Funding APR
+36.02%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
2.2d
to break even
◧24h Volume
Phemex$2.33MBingX$2.92MLoading 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.