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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
+105.03%
3d Period Avg+36.76%
swing±25.38%
LONG OKX · nowKMNO-USDT-SWAP
−94.08%
3d avg:−34.72%
SHORT Bybit · now
+10.96%
3d avg:+2.04%
Entry Spread Now
+0.045%
Eaten by executionL 0.04431 · S 0.04433+$4.51 if it converges
24h range −0.46%…+0.16% · median +0.00%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$9.20
+0.09%
$Avg Daily PnL
+$10.07
+0.1007%
★Best Day
+$10.74
Sep 29
◎Open Interest
⚡Funding APR
+36.74%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
2.1d
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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.