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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 ~10.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+9.47%
3d Period Avg+50.90%
swing±46.46%
LONG Bybit · nowCLUSDT
+0.00%
3d avg:−42.54%
SHORT Phemex · nowXTIUSDT
+9.47%
3d avg:+8.36%
Entry Spread Now
+0.234%
In your favorL 87.6250 · S 87.8300+$23.40 if it converges
24h range +0.00%…+0.57% · median +0.26%
Long pays every8hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$13.62
+0.14%
$Avg Daily PnL
+$13.16
+0.1316%
★Best Day
+$16.27
Nov 12
◎Open Interest
Bybit$30.09M
Phemex$942.2K⚡Funding APR
+48.04%
annualized · funding only
⚠Execution Cost
−$25.87
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
Bybit$36.98MPhemex$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 (−$25.87 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.