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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 ~38d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.21%
7d Period Avg+56.25%
swing±62.53%
LONG Binance Futures · nowCLUSDT
+0.00%
7d avg:−50.89%
SHORT Phemex · nowXTIUSDT
+2.21%
7d avg:+5.36%
Entry Spread Now
+0.246%
In your favorL 87.6148 · S 87.8300+$24.56 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
+$86.35
+0.86%
$Avg Daily PnL
+$15.64
+0.1564%
★Best Day
+$28.79
Nov 11
◎Open Interest
Binance Futures$166.29M
Phemex$942.6K⚡Funding APR
+57.09%
annualized · funding only
⚠Execution Cost
−$23.14
entry + exit fees
⏱Payback
1.5d
to break even
◧24h Volume
Binance Futures$401.02MPhemex$88.0KLoading 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.