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updated —S Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~12d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+267.80%
3d Period Avg+131.15%
swing±224.30%
LONG N1 · now
−256.84%
3d avg:−120.19%
SHORT Phemex · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.083%
Eaten by executionL 0.03620 · S 0.03623+$8.29 if it converges
24h range −1.98%…+1.87% · median +0.56%
Long pays every1hShort pays every4h
LONGmaker0.010%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$832.63
−8.33%
$Avg Daily PnL
+$22.96
+0.2296%
★Best Day
+$36.35
Nov 14
◎Open Interest
N1$22.9K
Phemex$1.31M⚡Funding APR
+83.80%
annualized · funding only
⚠Execution Cost
−$901.51
entry + exit fees
⏱Payback
1.3mo
to break even
◧24h Volume
N1$1.3KPhemex$564.5KLoading 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 (−$901.51 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.