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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 ~1.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+51.50%
3d Period Avg+46.94%
swing±15.13%
LONG Phemex · now
+10.96%
3d avg:+10.96%
SHORT Bitget · now
+62.46%
3d avg:+57.90%
Entry Spread Now
−0.656%
Against youL 0.5776 · S 0.5738−$65.62 if it converges
24h range −0.83%…+0.77% · median +0.07%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$14.56
+0.15%
$Avg Daily PnL
+$12.85
+0.1285%
★Best Day
+$12.86
Sep 27
◎Open Interest
Phemex$1.55M
Bitget$4.25M⚡Funding APR
+46.91%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
1.9d
to break even
◧24h Volume
Phemex$2.67MBitget$6.87MLoading 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 (−$24.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.