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updated —SPACEX Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~16d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+6.78%
3d Period Avg+6.54%
swing±3.20%
LONG Bybit · nowSPCXUSDT
−1.30%
3d avg:+0.00%
SHORT Phemex · nowSPCXUSDT
+5.48%
3d avg:+6.54%
Entry Spread Now
−0.015%
Against youL ask 136.1300 · S bid 136.1100−$1.47 at entry
24h range −0.19%…+0.34% · median −0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$24.56
−0.25%
$Avg Daily PnL
+$1.79
+0.0179%
★Best Day
+$2.38
Nov 13
◎Open Interest
Bybit$42.34M
Phemex$2.48M⚡Funding APR
+6.54%
annualized · funding only
⚠Execution Cost
−$29.94
entry + exit fees
⏱Payback
16.7d
to break even
◧24h Volume
Bybit$55.13MPhemex$20.35MLoading 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 (−$29.94 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.