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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 ~11d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+11.87%
7d Period Avg+6.81%
swing±36.39%
LONG Phemex · now
+0.00%
7d avg:+11.94%
SHORT Bybit · now
+11.87%
7d avg:+18.75%
Entry Spread Now
+0.027%
In your favorL ask 4,268.25 · S bid 4,269.41+$2.72 at entry
24h range +0.00%…+0.06% · median +0.04%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$22.43
−0.22%
$Avg Daily PnL
+$1.86
+0.0186%
★Best Day
+$9.22
Sep 23
◎Open Interest
Phemex$2.25M
Bybit$106.62M⚡Funding APR
+6.80%
annualized · funding only
⚠Execution Cost
−$35.47
entry + exit fees
⏱Payback
19.0d
to break even
◧24h Volume
Phemex$33.2KBybit$21.83MLoading 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 (−$35.47 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.