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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
−1.37%
3d Period Avg+2.81%
swing±6.64%
LONG QFEX · now
+4.87%
3d avg:+1.60%
SHORT Lighter Robinhood · nowCOIN-USDG
+3.51%
3d avg:+4.41%
Entry Spread Now
+0.099%
Eaten by executionL 196.4450 · S 196.6400+$9.93 if it converges
24h range −0.32%…+0.21% · median +0.02%
Long pays every1hShort pays every1h
LONGmaker0.050%/taker0.100%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$17.70
−0.18%
$Avg Daily PnL
+$0.77
+0.0077%
★Best Day
+$1.36
Sep 27
◎Open Interest
⚡Funding APR
+2.80%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
26.1d
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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.