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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 ~0.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+250.90%
3d Period Avg+60.46%
swing±87.48%
LONG Extended · now
+28.05%
3d avg:+29.41%
SHORT Phemex · now
+278.95%
3d avg:+89.87%
Entry Spread Now
+1.095%
In your favorL 0.2231 · S 0.2256+$109.47 if it converges
24h range −1.57%…+1.28% · median +0.15%
Long pays every1hShort pays every4h
LONGmaker0%/taker0.025%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$32.62
+0.33%
$Avg Daily PnL
+$16.54
+0.1654%
★Best Day
+$23.27
Sep 29
◎Open Interest
Extended$130.3K
Phemex$355.1K⚡Funding APR
+60.38%
annualized · funding only
⚠Execution Cost
−$17.00
entry + exit fees
⏱Payback
1.0d
to break even
◧24h Volume
Extended$3.76MPhemex$1.08MLoading 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 (−$17.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.