← 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 ~5.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+78.58%
3d Period Avg+3.54%
swing±20.70%
LONG Phemex · now
+0.00%
3d avg:+0.00%
SHORT Bybit · now
+78.58%
3d avg:+3.54%
Entry Spread Now
−0.032%
Eaten by executionL 62.0200 · S 62.0000−$3.22 if it converges
24h range −0.07%…+0.25% · median +0.03%
Long pays every8hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$104.66
−1.05%
$Avg Daily PnL
+$0.97
+0.0097%
★Best Day
+$4.00
Sep 26
◎Open Interest
Phemex$1.71M
Bybit$8.89M⚡Funding APR
+3.54%
annualized · funding only
⚠Execution Cost
−$107.57
entry + exit fees
⏱Payback
3.7mo
to break even
◧24h Volume
Phemex$677.9KBybit$5.93MLoading 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 (−$107.57 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.