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updated —ZAMA Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+35.87%
3d Period Avg+32.70%
swing±25.03%
LONG Bybit · now
−24.92%
3d avg:−21.74%
SHORT Phemex · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.537%
Against youL 0.05775 · S 0.05744−$53.68 if it converges
24h range −0.89%…+0.87% · median −0.05%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$3.86
+0.04%
$Avg Daily PnL
+$8.95
+0.0895%
★Best Day
+$12.20
Nov 12
◎Open Interest
Bybit$2.28M
Phemex$1.37M⚡Funding APR
+32.68%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
2.6d
to break even
◧24h Volume
Bybit$947.8KPhemex$474.2KLoading 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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.