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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 ~0.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+98.62%
7d Period Avg+84.36%
swing±101.13%
LONG OKX · nowIRYS-USDT-SWAP
+10.96%
7d avg:+13.27%
SHORT BingX · now
+109.58%
7d avg:+97.63%
Entry Spread Now
+0.000%
NeutralL 0.01671 · S 0.01671
24h range −0.30%…+0.30% · median +0.00%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$141.68
+1.42%
$Avg Daily PnL
+$23.10
+0.2310%
★Best Day
+$70.85
Sep 26
◎Open Interest
⚡Funding APR
+84.30%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
20.9h
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.