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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 ~5.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+14.70%
7d Period Avg+18.34%
swing±19.80%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Bybit · now
+14.70%
7d avg:+18.34%
Entry Spread Now
+0.054%
Eaten by executionL 202.7000 · S 202.8100+$5.43 if it converges
24h range −0.86%…+0.43% · median +0.02%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$12.15
+0.12%
$Avg Daily PnL
+$5.02
+0.0502%
★Best Day
+$8.73
Oct 10
◎Open Interest
Phemex$1.41M
Bybit$6.89M⚡Funding APR
+18.33%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
4.6d
to break even
◧24h Volume
Phemex$985.8KBybit$7.59MLoading 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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.