← Back to Screener
updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~4.4d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+43.10%
3d Period Avg+37.37%
swing±22.42%
LONG Binance Futures · now
+10.96%
3d avg:+10.73%
SHORT Phemex · now
+54.06%
3d avg:+48.10%
Entry Spread Now
+0.032%
Eaten by executionL 1.2586 · S 1.2590+$3.18 if it converges
24h range −0.07%…+0.36% · median +0.17%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$21.54
−0.22%
$Avg Daily PnL
+$10.23
+0.1023%
★Best Day
+$16.63
Sep 26
◎Open Interest
Binance Futures$41.24M
Phemex$2.82M⚡Funding APR
+37.35%
annualized · funding only
⚠Execution Cost
−$52.24
entry + exit fees
⏱Payback
5.1d
to break even
◧24h Volume
Binance Futures$63.81MPhemex$1.81MLoading 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 (−$52.24 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.