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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 ~5.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+27.96%
7d Period Avg+41.09%
swing±54.98%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Hotcoin · now
+27.96%
7d avg:+41.09%
Entry Spread Now
+0.277%
In your favorL ask 101.2500 · S bid 101.5300+$27.65 at entry
24h range −0.82%…+0.54% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$33.38
+0.33%
$Avg Daily PnL
+$10.71
+0.1071%
★Best Day
+$34.33
Oct 18
◎Open Interest
Phemex$1.53M
Hotcoin$52.43M⚡Funding APR
+39.11%
annualized · funding only
⚠Execution Cost
−$41.62
entry + exit fees
⏱Payback
3.9d
to break even
◧24h Volume
Phemex$63.59MHotcoin$159.30MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$41.62 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.