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updated —WTI Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~8.9d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+9.47%
3d Period Avg+58.47%
swing±54.99%
LONG Binance Futures · nowCLUSDT
+0.00%
3d avg:−50.11%
SHORT Phemex · nowXTIUSDT
+9.47%
3d avg:+8.36%
Entry Spread Now
+0.234%
In your favorL 87.6250 · S 87.8300+$23.39 if it converges
24h range −0.06%…+0.55% · median +0.26%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$26.48
+0.26%
$Avg Daily PnL
+$16.54
+0.1654%
★Best Day
+$21.57
Nov 12
◎Open Interest
Binance Futures$166.31M
Phemex$942.2K⚡Funding APR
+60.37%
annualized · funding only
⚠Execution Cost
−$23.14
entry + exit fees
⏱Payback
1.4d
to break even
◧24h Volume
Binance Futures$394.20MPhemex$87.8KLoading 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 (−$23.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.