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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+50.38%
3d Period Avg−18.24%
swing±23.77%
LONG Binance Futures · now
+34.26%
3d avg:+37.50%
SHORT Bybit · now
+84.64%
3d avg:+19.26%
Entry Spread Now
−0.137%
Against youL 0.1268 · S 0.1266−$13.68 if it converges
24h range −0.22%…+0.30% · median −0.05%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$34.79
−0.35%
$Avg Daily PnL
−$4.60
−0.0460%
★Best Day
+$1.04
Sep 28
◎Open Interest
⚡Funding APR
−16.78%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Loading 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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.