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updated —WTI 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
−5.52%
1d Period Avg+18.43%
swing±31.55%
LONG Ondo · nowWTI-USD.P
+5.52%
1d avg:+5.26%
SHORT Phemex · nowXTIUSDT
+0.00%
1d avg:+23.69%
Entry Spread Now
+0.328%
In your favorL 87.5429 · S 87.8300+$32.80 if it converges
24h range +0.07%…+0.69% · median +0.38%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.035%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$17.43
−0.17%
$Avg Daily PnL
+$4.87
+0.0487%
★Best Day
+$5.58
Nov 14
◎Open Interest
Ondo$1.90M
Phemex$943.7K⚡Funding APR
+17.77%
annualized · funding only
⚠Execution Cost
−$22.30
entry + exit fees
⏱Payback
4.6d
to break even
◧24h Volume
Ondo$1.91MPhemex$87.4KLoading 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 (−$22.30 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.