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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 ~3.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+36.36%
3d Period Avg+11.25%
swing±15.82%
LONG Bybit · now
−55.56%
3d avg:−34.46%
SHORT Phemex · now
−19.19%
3d avg:−23.21%
Entry Spread Now
+0.030%
Eaten by executionL 0.3332 · S 0.3333+$3.00 if it converges
24h range −0.06%…+0.11% · median +0.02%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$25.58
−0.26%
$Avg Daily PnL
+$3.08
+0.0308%
★Best Day
+$3.98
Sep 25
◎Open Interest
⚡Funding APR
+11.24%
annualized · funding only
⚠Execution Cost
−$34.82
entry + exit fees
⏱Payback
11.3d
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 (−$34.82 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.