← 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 ~2.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+40.71%
7d Period Avg+31.08%
swing±10.41%
LONG Pionex · nowLINK_USDT_PERP
+5.30%
7d avg:+8.25%
SHORT Phemex · now
+46.01%
7d avg:+39.33%
Entry Spread Now
+0.151%
In your favorL ask 13.9260 · S bid 13.9470+$15.08 at entry
24h range −0.02%…+0.29% · median +0.14%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
+$31.24
+0.31%
$Avg Daily PnL
+$8.51
+0.0851%
★Best Day
+$11.75
Sep 22
◎Open Interest
Pionex$2.71M
Phemex$21.02M⚡Funding APR
+31.05%
annualized · funding only
⚠Execution Cost
−$28.31
entry + exit fees
⏱Payback
3.3d
to break even
◧24h Volume
Pionex$2.39MPhemex$8.90MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$28.31 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.