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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 ~42d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.92%
3d Period Avg+1.07%
swing±2.48%
LONG Binance Futures · now
+9.04%
3d avg:+9.89%
SHORT Phemex · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.213%
In your favorL 0.1223 · S 0.1226+$21.26 if it converges
24h range −0.69%…+0.46% · median +0.00%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$21.04
−0.21%
$Avg Daily PnL
+$0.32
+0.0032%
★Best Day
+$0.62
Sep 27
◎Open Interest
Binance Futures$21.41M
Phemex$1.26M⚡Funding APR
+1.17%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
2.3mo
to break even
◧24h Volume
Binance Futures$22.78MPhemex$1.37MLoading 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.