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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 ~1.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+74.07%
7d Period Avg+31.39%
swing±24.78%
LONG Phemex · now
+10.96%
7d avg:+10.96%
SHORT Bitget · now
+85.03%
7d avg:+42.35%
Entry Spread Now
+0.335%
In your favorL 0.5725 · S 0.5744+$33.54 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
+$36.16
+0.36%
$Avg Daily PnL
+$8.59
+0.0859%
★Best Day
+$12.86
Sep 27
◎Open Interest
Phemex$1.51M
Bitget$4.36M⚡Funding APR
+31.37%
annualized · funding only
⚠Execution Cost
−$24.00
entry + exit fees
⏱Payback
2.8d
to break even
◧24h Volume
Phemex$2.59MBitget$6.56MLoading 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.