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updated —SAND Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~5.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+13.73%
3d Period Avg+11.73%
swing±7.50%
LONG Binance Futures · now
−2.77%
3d avg:−0.77%
SHORT Phemex · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.202%
In your favorL 0.03823 · S 0.03831+$20.17 if it converges
24h range −0.61%…+0.89% · median −0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$13.29
−0.13%
$Avg Daily PnL
+$2.90
+0.0290%
★Best Day
+$4.19
Nov 12
◎Open Interest
Binance Futures$6.28M
Phemex$1.34M⚡Funding APR
+10.59%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
7.6d
to break even
◧24h Volume
Binance Futures$11.21MPhemex$812.2KLoading 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.