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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 ~41d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.21%
7d Period Avg+43.78%
swing±47.93%
LONG Bybit · nowCLUSDT
+0.00%
7d avg:−38.42%
SHORT Phemex · nowXTIUSDT
+2.21%
7d avg:+5.36%
Entry Spread Now
+0.228%
In your favorL 87.6300 · S 87.8300+$22.82 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
+$56.90
+0.57%
$Avg Daily PnL
+$11.70
+0.1170%
★Best Day
+$28.05
Nov 11
◎Open Interest
Bybit$30.09M
Phemex$942.6K⚡Funding APR
+42.71%
annualized · funding only
⚠Execution Cost
−$25.01
entry + exit fees
⏱Payback
2.1d
to break even
◧24h Volume
Bybit$37.54MPhemex$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 (−$25.01 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.