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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 estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+27.48%
swing±18.31%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Bybit · now
+0.00%
7d avg:+27.48%
Entry Spread Now
−0.031%
Against youL ask 160.8000 · S bid 160.7500−$3.11 at entry
24h range −0.15%…+0.14% · median −0.02%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$68.47
−0.68%
$Avg Daily PnL
+$7.52
+0.0752%
★Best Day
+$11.11
Sep 25
◎Open Interest
Phemex$2.66M
Bybit$14.90M⚡Funding APR
+27.46%
annualized · funding only
⚠Execution Cost
−$121.13
entry + exit fees
⏱Payback
16.1d
to break even
◧24h Volume
Phemex$67.0KBybit$9.88MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$121.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.