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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
+248.75%
7d Period Avg+66.79%
swing±79.98%
LONG Extended · now
+38.57%
7d avg:+19.31%
SHORT Phemex · now
+287.33%
7d avg:+86.10%
Entry Spread Now
+0.374%
In your favorL 0.2292 · S 0.2300+$37.38 if it converges
24h range −1.57%…+1.28% · median +0.11%
Long pays every1hShort pays every4h
LONGmaker0%/taker0.025%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$107.87
+1.08%
$Avg Daily PnL
+$17.84
+0.1784%
★Best Day
+$25.70
Sep 25
◎Open Interest
Extended$133.8K
Phemex$360.2K⚡Funding APR
+65.11%
annualized · funding only
⚠Execution Cost
−$17.00
entry + exit fees
⏱Payback
22.8h
to break even
◧24h Volume
Extended$4.43MPhemex$1.09MLoading 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.