← 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 ~9.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+16.06%
3d Period Avg+18.45%
swing±5.33%
LONG Variational · now
−8.47%
3d avg:−8.17%
SHORT Phemex · now
+7.59%
3d avg:+10.28%
Entry Spread Now
−0.321%
Against youL ask 10.9070 · S bid 10.8720−$32.09 at entry
24h range −0.22%…+0.69% · median +0.04%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$26.22
−0.26%
$Avg Daily PnL
+$5.05
+0.0505%
★Best Day
+$5.02
Sep 27
◎Open Interest
Variational$2.88M
Phemex$29.79M⚡Funding APR
+18.44%
annualized · funding only
⚠Execution Cost
−$41.38
entry + exit fees
⏱Payback
8.2d
to break even
◧24h Volume
Variational$2.26MPhemex$3.95MLoading 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 (−$41.38 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.