← 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 ~3.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+20.50%
7d Period Avg+12.30%
swing±12.24%
LONG Phemex · now
−9.10%
7d avg:+6.29%
SHORT Hibachi · nowBTC/USDT-P
+11.40%
7d avg:+18.59%
Entry Spread Now
+0.006%
In your favorL ask 78,017.4 · S bid 78,021.9+$0.58 at entry
24h range −0.12%…+0.03% · median −0.03%
Long pays every8hShort pays every1h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0.045%
Loading Funding History…
↗Total PnL
+$2.30
+0.02%
$Avg Daily PnL
+$3.40
+0.0340%
★Best Day
+$5.37
Oct 26
◎Open Interest
Phemex$178.66M
Hibachi$478.7K⚡Funding APR
+12.40%
annualized · funding only
⚠Execution Cost
−$21.48
entry + exit fees
⏱Payback
6.3d
to break even
◧24h Volume
Phemex$31.55MHibachi$5.85MLoading 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 (−$21.48 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.