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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~38d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.93%
3d Period Avg−46.54%
swing±81.36%
LONG Crypto.com · nowHMSTRUSD-PERP
+9.02%
3d avg:+57.50%
SHORT Binance Futures · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.053%
Eaten by executionL 0.0001714 · S 0.0001713−$5.25 if it converges
24h range −0.27%…+0.23% · median +0.05%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$55.07
−0.55%
$Avg Daily PnL
−$11.69
−0.1169%
★Best Day
+$2.41
Oct 1
◎Open Interest
⚡Funding APR
−42.67%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
never
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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.