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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+4.54%
swing±10.51%
LONG Binance Futures · now
+10.96%
7d avg:+6.39%
SHORT Phemex · now
+10.96%
7d avg:+10.93%
Entry Spread Now
+0.235%
In your favorL 0.5472 · S 0.5485+$23.49 if it converges
24h range −1.04%…+1.15% · median −0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$18.59
−0.19%
$Avg Daily PnL
+$1.21
+0.0121%
★Best Day
+$5.54
Sep 24
◎Open Interest
⚡Funding APR
+4.41%
annualized · funding only
⚠Execution Cost
−$27.05
entry + exit fees
⏱Payback
22.4d
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 + fees only (orderbook snapshot stale) on both legs (−$27.05 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.