← Back to Screener
updated —BRENT Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−3.51%
3d Period Avg+59.12%
swing±73.67%
LONG Lighter · nowBRENTOIL-USDC
+3.51%
3d avg:−59.12%
SHORT Phemex · nowXBRUSDT
+0.00%
3d avg:+0.00%
Entry Spread Now
+0.396%
In your favorL ask 93.3500 · S bid 93.7200+$39.64 at entry
24h range −0.16%…+0.46% · median +0.27%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$100.74
−1.01%
$Avg Daily PnL
+$16.57
+0.1657%
★Best Day
+$25.22
Nov 11
◎Open Interest
Lighter$3.22M
Phemex$1.96M⚡Funding APR
+60.47%
annualized · funding only
⚠Execution Cost
−$150.44
entry + exit fees
⏱Payback
9.1d
to break even
◧24h Volume
Lighter$5.08MPhemex$46.4KLoading 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 (−$150.44 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.