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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−25.73%
7d Period Avg+15.26%
swing±38.38%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Aster · now
−25.73%
7d avg:+15.26%
Entry Spread Now
−0.114%
Against youL 1,359.86 · S 1,358.31−$11.37 if it converges
24h range −0.23%…+0.39% · median −0.03%
Long pays every8hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
+$9.24
+0.09%
$Avg Daily PnL
+$4.18
+0.0418%
★Best Day
+$11.59
Sep 22
◎Open Interest
⚡Funding APR
+15.25%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
4.8d
to break even
◧24h Volume
Loading 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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.