← Back to Screener
updated —AAVE 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
+6.86%
3d Period Avg+9.89%
swing±5.22%
LONG Variational · now
+4.10%
3d avg:+1.07%
SHORT Phemex · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.079%
Eaten by executionL 107.1655 · S 107.2500+$7.89 if it converges
24h range −0.22%…+0.54% · median +0.09%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$13.02
−0.13%
$Avg Daily PnL
+$2.71
+0.0271%
★Best Day
+$2.90
Nov 13
◎Open Interest
Variational$2.30M
Phemex$3.00M⚡Funding APR
+9.89%
annualized · funding only
⚠Execution Cost
−$21.14
entry + exit fees
⏱Payback
7.8d
to break even
◧24h Volume
Variational$1.27MPhemex$3.33MLoading 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 (−$21.14 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.