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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~3.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+51.30%
3d Period Avg+8.71%
swing±16.00%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Bybit · now
+51.30%
3d avg:+8.71%
Entry Spread Now
−0.205%
Against youL ask 63.5300 · S bid 63.4000−$20.46 at entry
24h range −0.14%…+0.05% · median −0.02%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$36.06
−0.36%
$Avg Daily PnL
+$2.38
+0.0238%
★Best Day
+$7.15
Sep 25
◎Open Interest
Phemex$1.46M
Bybit$42.46M⚡Funding APR
+8.70%
annualized · funding only
⚠Execution Cost
−$43.21
entry + exit fees
⏱Payback
18.1d
to break even
◧24h Volume
Phemex$222.1KBybit$15.55MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$43.21 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.