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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~10d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+8.90%
3d Period Avg+78.23%
swing±73.28%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Hotcoin · now
+8.90%
3d avg:+78.23%
Entry Spread Now
+1.107%
In your favorL 102.0800 · S 103.2100+$110.70 if it converges
24h range −0.82%…+0.66% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$24.99
+0.25%
$Avg Daily PnL
+$16.66
+0.1666%
★Best Day
+$34.33
Oct 18
◎Open Interest
Phemex$2.34M
Hotcoin$52.97M⚡Funding APR
+60.80%
annualized · funding only
⚠Execution Cost
−$24.98
entry + exit fees
⏱Payback
1.5d
to break even
◧24h Volume
Phemex$67.51MHotcoin$180.40MLoading 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 (−$24.98 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.