← Back to Screener
updated —BTC Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−7.51%
7d Period Avg+2.59%
swing±3.37%
LONG Pionex · nowBTC_USDT_PERP
+5.75%
7d avg:+7.55%
SHORT Lighter · now
−1.75%
7d avg:+10.14%
Entry Spread Now
+1.781%
In your favorL ask 67,373.6 · S bid 68,573.4+$178.08 at entry
24h range −0.25%…+0.38% · median +0.00%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$5.19
−0.05%
$Avg Daily PnL
+$0.73
+0.0073%
★Best Day
+$1.22
Nov 7
◎Open Interest
Pionex$122.17M
Lighter$127.88M⚡Funding APR
+2.65%
annualized · funding only
⚠Execution Cost
−$10.28
entry + exit fees
⏱Payback
14.1d
to break even
◧24h Volume
Pionex$5.55BLighter$1.06BLoading 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 (−$10.28 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.