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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−49.28%
3d Period Avg+1.45%
swing±13.19%
LONG Bybit · now
+56.95%
3d avg:+16.20%
SHORT BingX · now
+7.67%
3d avg:+17.65%
Entry Spread Now
+0.041%
Eaten by executionL 0.07348 · S 0.07351+$4.08 if it converges
24h range −0.55%…+0.45% · median +0.08%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$19.80
−0.20%
$Avg Daily PnL
+$0.40
+0.0040%
★Best Day
+$1.99
Sep 29
◎Open Interest
⚡Funding APR
+1.46%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
1.8mo
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.