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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 ~2.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+48.32%
7d Period Avg+4.49%
swing±12.81%
LONG Binance Futures · now
−62.95%
7d avg:−13.26%
SHORT Phemex · now
−14.63%
7d avg:−8.77%
Entry Spread Now
+0.051%
In your favorL ask 0.3328 · S bid 0.3330+$5.11 at entry
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
−$20.90
−0.21%
$Avg Daily PnL
+$1.83
+0.0183%
★Best Day
+$3.51
Sep 27
◎Open Interest
Binance Futures$105.54M
Phemex$3.65M⚡Funding APR
+6.69%
annualized · funding only
⚠Execution Cost
−$33.74
entry + exit fees
⏱Payback
18.4d
to break even
◧24h Volume
Binance Futures$37.96MPhemex$887.8KLoading 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 (−$33.74 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.