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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 ~5.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+14.94%
3d Period Avg+20.93%
swing±26.08%
LONG Bybit · now
+11.14%
3d avg:+10.96%
SHORT BingX · now
+26.08%
3d avg:+31.89%
Entry Spread Now
+0.059%
Eaten by executionL 0.01691 · S 0.01692+$5.91 if it converges
24h range −0.47%…+1.01% · median +0.12%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$3.81
−0.04%
$Avg Daily PnL
+$5.73
+0.0573%
★Best Day
+$8.28
Oct 8
◎Open Interest
⚡Funding APR
+20.92%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
3.7d
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.