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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
+0.00%
3d Period Avg+5.79%
swing±13.42%
LONG Variational · now
+10.96%
3d avg:+10.96%
SHORT BingX · now
+10.96%
3d avg:+16.75%
Entry Spread Now
−0.031%
Eaten by executionL 0.3192 · S 0.3191−$3.13 if it converges
24h range −0.17%…+0.75% · median +0.04%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$5.24
−0.05%
$Avg Daily PnL
+$1.59
+0.0159%
★Best Day
+$3.66
Oct 1
◎Open Interest
⚡Funding APR
+5.79%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
6.3d
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 (−$10.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.