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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
−1.51%
3d Period Avg−28.53%
swing±32.99%
LONG Pionex · nowBSB_USDT_PERP
+12.47%
3d avg:+44.78%
SHORT Bybit · now
+10.96%
3d avg:+16.25%
Entry Spread Now
−0.029%
Eaten by executionL 0.1052 · S 0.1052−$2.85 if it converges
24h range −0.49%…+0.20% · median −0.06%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$44.44
−0.44%
$Avg Daily PnL
−$7.81
−0.0781%
★Best Day
−$0.06
Sep 27
◎Open Interest
⚡Funding APR
−28.51%
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.