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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 ~2.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+48.25%
3d Period Avg+8.44%
swing±19.63%
LONG Binance Futures · now
−66.56%
3d avg:−31.65%
SHORT Phemex · now
−18.32%
3d avg:−23.21%
Entry Spread Now
+0.032%
Eaten by executionL 0.3332 · S 0.3333+$3.25 if it converges
24h range −0.06%…+0.10% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$23.11
−0.23%
$Avg Daily PnL
+$3.57
+0.0357%
★Best Day
+$4.49
Sep 28
◎Open Interest
⚡Funding APR
+13.03%
annualized · funding only
⚠Execution Cost
−$33.82
entry + exit fees
⏱Payback
9.5d
to break even
◧24h Volume
Loading 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 (−$33.82 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.