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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 ~4.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+27.46%
3d Period Avg+9.16%
swing±9.39%
LONG Phemex · now
+10.60%
3d avg:+0.00%
SHORT Bybit · now
+38.06%
3d avg:+9.16%
Entry Spread Now
−0.030%
Against youL ask 4,242.89 · S bid 4,241.62−$2.99 at entry
24h range −0.04%…+0.06% · median +0.04%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$25.24
−0.25%
$Avg Daily PnL
+$2.51
+0.0251%
★Best Day
+$3.99
Sep 25
◎Open Interest
Phemex$2.24M
Bybit$105.00M⚡Funding APR
+9.15%
annualized · funding only
⚠Execution Cost
−$32.76
entry + exit fees
⏱Payback
13.1d
to break even
◧24h Volume
Phemex$56.7KBybit$39.18MLoading 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 (−$32.76 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.