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updated —XCU 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%
3d Period Avg+28.34%
swing±45.43%
LONG Phemex · nowCOPPERUSDT
+0.00%
3d avg:+0.00%
SHORT Binance Futures · nowCOPPERUSDT
+0.00%
3d avg:+28.34%
Entry Spread Now
+0.010%
NeutralL 6.1660 · S 6.1666
24h range −0.17%…+0.14% · median +0.01%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$3.21
−0.03%
$Avg Daily PnL
+$7.76
+0.0776%
★Best Day
+$12.28
Nov 11
◎Open Interest
Phemex$3.79M
Binance Futures$8.85M⚡Funding APR
+28.32%
annualized · funding only
⚠Execution Cost
−$26.49
entry + exit fees
⏱Payback
3.4d
to break even
◧24h Volume
Phemex$74.8KBinance Futures$7.62MLoading 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 (−$26.49 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.