← 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 ~9.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.69%
3d Period Avg+17.43%
swing±10.42%
LONG Variational · now
+4.61%
3d avg:−6.55%
SHORT Phemex · now
+9.30%
3d avg:+10.88%
Entry Spread Now
−0.327%
Against youL 0.09627 · S 0.09595−$32.72 if it converges
24h range −0.18%…+0.34% · median +0.04%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$2.31
+0.02%
$Avg Daily PnL
+$4.77
+0.0477%
★Best Day
+$6.81
Sep 26
◎Open Interest
Variational$761.5K
Phemex$2.17M⚡Funding APR
+17.41%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
2.5d
to break even
◧24h Volume
Variational$214.2KPhemex$2.86MLoading 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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.