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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
−11.24%
3d Period Avg−10.71%
swing±11.27%
LONG Bybit · now
+10.96%
3d avg:+10.26%
SHORT Phemex · now
−0.28%
3d avg:−0.45%
Entry Spread Now
−0.053%
Eaten by executionL 1.8820 · S 1.8810−$5.31 if it converges
24h range −0.21%…+0.16% · median +0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$31.80
−0.32%
$Avg Daily PnL
−$2.93
−0.0293%
★Best Day
−$0.17
Sep 25
◎Open Interest
⚡Funding APR
−10.71%
annualized · funding only
⚠Execution Cost
−$23.00
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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.