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updated —SKHYNIX Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg−4.05%
swing±97.23%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Bybit · now
+0.00%
3d avg:−4.05%
Entry Spread Now
−0.096%
Eaten by executionL 885.7200 · S 884.8700−$9.60 if it converges
24h range −0.19%…+0.23% · median −0.06%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$31.45
−0.31%
$Avg Daily PnL
−$1.11
−0.0111%
★Best Day
+$5.27
Nov 11
◎Open Interest
Phemex$1.37M
Bybit$26.35M⚡Funding APR
−4.05%
annualized · funding only
⚠Execution Cost
−$28.12
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Phemex$4.50MBybit$29.02MLoading 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 (−$28.12 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.