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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
+33.81%
7d Period Avg+16.35%
swing±9.39%
LONG Bybit · now
−22.86%
7d avg:−6.27%
SHORT Phemex · now
+10.96%
7d avg:+10.08%
Entry Spread Now
+0.071%
Eaten by executionL 0.2804 · S 0.2806+$7.13 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
+$8.32
+0.08%
$Avg Daily PnL
+$4.47
+0.0447%
★Best Day
+$6.15
Nov 14
◎Open Interest
Bybit$34.63M
Phemex$1.34M⚡Funding APR
+16.33%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
5.1d
to break even
◧24h Volume
Bybit$30.59MPhemex$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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.