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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+16.48%
swing±18.30%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Bybit · now
+0.00%
7d avg:+16.48%
Entry Spread Now
+0.016%
In your favorL ask 63.9000 · S bid 63.9100+$1.56 at entry
24h range −0.13%…+0.05% · median −0.02%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$5.50
−0.05%
$Avg Daily PnL
+$4.51
+0.0451%
★Best Day
+$9.92
Sep 24
◎Open Interest
Phemex$1.47M
Bybit$41.76M⚡Funding APR
+16.47%
annualized · funding only
⚠Execution Cost
−$37.08
entry + exit fees
⏱Payback
8.2d
to break even
◧24h Volume
Phemex$191.4KBybit$12.40MLoading 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 (−$37.08 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.