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updated —WLD Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+33.80%
3d Period Avg+15.68%
swing±13.35%
LONG Bybit · now
−22.84%
3d avg:−6.78%
SHORT Phemex · now
+10.96%
3d avg:+8.90%
Entry Spread Now
+0.143%
In your favorL 0.2789 · S 0.2793+$14.34 if it converges
24h range −0.14%…+0.57% · median +0.07%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$10.12
−0.10%
$Avg Daily PnL
+$4.29
+0.0429%
★Best Day
+$6.15
Nov 14
◎Open Interest
Bybit$34.43M
Phemex$1.34M⚡Funding APR
+15.67%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
5.4d
to break even
◧24h Volume
Bybit$30.64MPhemex$2.74MLoading 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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.