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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 ~1.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+46.56%
7d Period Avg+17.35%
swing±9.42%
LONG Binance Futures · now
−35.61%
7d avg:−7.27%
SHORT Phemex · now
+10.96%
7d avg:+10.08%
Entry Spread Now
+0.069%
Eaten by executionL 0.2804 · S 0.2806+$6.94 if it converges
24h range −0.18%…+0.35% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$13.50
+0.14%
$Avg Daily PnL
+$5.07
+0.0507%
★Best Day
+$7.37
Nov 14
◎Open Interest
Binance Futures$53.55M
Phemex$1.34M⚡Funding APR
+18.51%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
4.3d
to break even
◧24h Volume
Binance Futures$94.13MPhemex$2.73MLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.