← Back to Screener
updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1771.32%
3d Period Avg+17.72%
swing±35.40%
LONG Phemex · nowu1000PEPEUSDT
−3.21%
3d avg:+8.69%
SHORT Coinbase International · now1000PEPE-PERP
+1768.10%
3d avg:+26.41%
Entry Spread Now
+4.971%
In your favorL 0.004319 · S 0.004534+$497.07 if it converges
24h range −3.39%…+5.05% · median +0.09%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
−$28.13
−0.28%
$Avg Daily PnL
+$4.32
+0.0432%
★Best Day
+$6.95
Sep 30
◎Open Interest
Phemex$2.50M
Coinbase International$356.5K⚡Funding APR
+15.76%
annualized · funding only
⚠Execution Cost
−$41.08
entry + exit fees
⏱Payback
9.5d
to break even
◧24h Volume
Phemex$4.61MCoinbase International$1.53MLoading 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 (−$41.08 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.