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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%
7d Period Avg+15.93%
swing±117.02%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Bybit · now
+0.00%
7d avg:+15.93%
Entry Spread Now
−0.072%
Eaten by executionL 885.7000 · S 885.0600−$7.23 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
+$2.85
+0.03%
$Avg Daily PnL
+$4.36
+0.0436%
★Best Day
+$28.13
Nov 9
◎Open Interest
Phemex$1.37M
Bybit$26.37M⚡Funding APR
+15.92%
annualized · funding only
⚠Execution Cost
−$27.68
entry + exit fees
⏱Payback
6.3d
to break even
◧24h Volume
Phemex$4.56MBybit$29.11MLoading 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 (−$27.68 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.