← Back to Screener
updated —BTC Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.6d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+77.14%
3d Period Avg+63.88%
swing±31.53%
LONG Lighter Robinhood · nowBTC-USDG
+10.52%
3d avg:+9.95%
SHORT Bullet · now
+87.66%
3d avg:+73.83%
Entry Spread Now
+0.032%
In your favorL ask 78,010.7 · S bid 78,036+$3.24 at entry
24h range −0.03%…+0.09% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.040%
Loading Funding History…
↗Total PnL
+$40.67
+0.41%
$Avg Daily PnL
+$17.49
+0.1749%
★Best Day
+$20.37
Oct 30
◎Open Interest
Lighter Robinhood$15.62M
Bullet$1.25M⚡Funding APR
+63.84%
annualized · funding only
⚠Execution Cost
−$11.80
entry + exit fees
⏱Payback
16.1h
to break even
◧24h Volume
Lighter Robinhood$68.19MBullet$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 (−$11.80 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.