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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 ~17d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+5.48%
7d Period Avg+9.14%
swing±14.66%
LONG Binance Futures · nowSPCXUSDT
+0.00%
7d avg:+4.98%
SHORT Phemex · nowSPCXUSDT
+5.48%
7d avg:+14.12%
Entry Spread Now
+0.000%
NeutralL ask 136.1400 · S bid 136.1400
24h range −0.16%…+0.19% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$7.35
−0.07%
$Avg Daily PnL
+$2.52
+0.0252%
★Best Day
+$6.12
Nov 10
◎Open Interest
Binance Futures$365.93M
Phemex$2.48M⚡Funding APR
+9.18%
annualized · funding only
⚠Execution Cost
−$24.96
entry + exit fees
⏱Payback
9.9d
to break even
◧24h Volume
Binance Futures$1.47BPhemex$20.59MLoading 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 (−$24.96 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.