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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 ~4.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+30.02%
7d Period Avg+8.68%
swing±10.44%
LONG Bybit · now
−44.64%
7d avg:−16.94%
SHORT Phemex · now
−14.63%
7d avg:−8.26%
Entry Spread Now
−0.018%
Against youL ask 0.3329 · S bid 0.3328−$1.80 at entry
24h range −0.06%…+0.11% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$20.69
−0.21%
$Avg Daily PnL
+$2.38
+0.0238%
★Best Day
+$4.50
Sep 25
◎Open Interest
⚡Funding APR
+8.67%
annualized · funding only
⚠Execution Cost
−$37.32
entry + exit fees
⏱Payback
15.7d
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 + live L2 orderbook slippage on both legs (−$37.32 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.