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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 ~3.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+43.33%
3d Period Avg+21.71%
swing±19.71%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Bybit · now
+43.33%
3d avg:+21.71%
Entry Spread Now
−0.015%
NeutralL 206.1100 · S 206.0800
24h range −0.86%…+0.48% · median +0.02%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$21.70
−0.22%
$Avg Daily PnL
+$5.94
+0.0594%
★Best Day
+$8.65
Oct 12
◎Open Interest
Phemex$1.43M
Bybit$6.93M⚡Funding APR
+21.70%
annualized · funding only
⚠Execution Cost
−$39.53
entry + exit fees
⏱Payback
6.7d
to break even
◧24h Volume
Phemex$983.2KBybit$6.90MLoading 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 (−$39.53 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.