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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 ~1606d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.05%
7d Period Avg+2.64%
swing±4.73%
LONG Binance Futures · now
+10.91%
7d avg:+8.32%
SHORT Phemex · now
+10.96%
7d avg:+10.96%
Entry Spread Now
+0.190%
In your favorL 0.1212 · S 0.1215+$18.97 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
−$21.54
−0.22%
$Avg Daily PnL
+$0.07
+0.0007%
★Best Day
+$2.81
Sep 24
◎Open Interest
Binance Futures$21.27M
Phemex$1.23M⚡Funding APR
+0.24%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
11.1mo
to break even
◧24h Volume
Binance Futures$22.42MPhemex$1.35MLoading 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.