← Back to Screener
updated —CRCL Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~52d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.65%
7d Period Avg+5.91%
swing±20.66%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Pionex · nowCRCLX_USDT_PERP
+1.65%
7d avg:+5.91%
Entry Spread Now
+0.017%
NeutralL 60.5400 · S 60.5500
24h range −0.48%…+0.47% · median +0.00%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$12.33
−0.12%
$Avg Daily PnL
+$1.62
+0.0162%
★Best Day
+$6.89
Nov 10
◎Open Interest
Phemex$1.41M
Pionex$1.61M⚡Funding APR
+5.90%
annualized · funding only
⚠Execution Cost
−$23.65
entry + exit fees
⏱Payback
14.6d
to break even
◧24h Volume
Phemex$670.9KPionex$1.06MLoading 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 (−$23.65 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.