← 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 ~3.1d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+42.38%
3d Period Avg+40.49%
swing±17.81%
LONG Variational · now
+10.96%
3d avg:+5.93%
SHORT Phemex · now
+53.34%
3d avg:+46.42%
Entry Spread Now
+0.047%
Eaten by executionL 0.3200 · S 0.3201+$4.69 if it converges
24h range −0.36%…+1.10% · median +0.30%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$2.66
−0.03%
$Avg Daily PnL
+$11.09
+0.1109%
★Best Day
+$13.11
Sep 30
◎Open Interest
Variational$855.9K
Phemex$2.98M⚡Funding APR
+40.46%
annualized · funding only
⚠Execution Cost
−$35.92
entry + exit fees
⏱Payback
3.2d
to break even
◧24h Volume
Variational$274.2KPhemex$1.91MLoading 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 (−$35.92 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.