← 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 ~8.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.51%
3d Period Avg+3.03%
swing±1.55%
LONG Variational · now
+0.00%
3d avg:+0.59%
SHORT Lighter Robinhood · nowAAPL-USDG
+3.51%
3d avg:+3.62%
Entry Spread Now
+0.305%
In your favorL ask 330.0420 · S bid 331.0500+$30.54 at entry
24h range −0.15%…+0.17% · median +0.02%
Long pays every8hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$5.70
−0.06%
$Avg Daily PnL
+$0.83
+0.0083%
★Best Day
+$0.95
Sep 29
◎Open Interest
Variational$2.30M
Lighter Robinhood$2.39M⚡Funding APR
+3.04%
annualized · funding only
⚠Execution Cost
−$8.20
entry + exit fees
⏱Payback
9.8d
to break even
◧24h Volume
Variational$1.79MLighter Robinhood$9.43MLoading 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 (−$8.20 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.