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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−14.30%
3d Period Avg+9.56%
swing±22.08%
LONG Bybit · now
+68.58%
3d avg:+25.42%
SHORT OKX · nowLIGHT-USDT-SWAP
+54.28%
3d avg:+34.98%
Entry Spread Now
−0.066%
Eaten by executionL 0.1807 · S 0.1806−$6.64 if it converges
24h range −0.39%…+0.65% · median +0.05%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$13.15
−0.13%
$Avg Daily PnL
+$2.62
+0.0262%
★Best Day
+$3.26
Sep 30
◎Open Interest
⚡Funding APR
+9.55%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
8.0d
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.