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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
+0.00%
3d Period Avg+23.08%
swing±39.35%
LONG Bybit · now
+10.96%
3d avg:+10.92%
SHORT Toobit · nowMON-SWAP-USDT
+10.96%
3d avg:+34.00%
Entry Spread Now
+0.070%
Eaten by executionL 0.02843 · S 0.02845+$7.03 if it converges
24h range −0.72%…+0.92% · median +0.11%
Long pays every8hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$5.06
−0.05%
$Avg Daily PnL
+$5.98
+0.0598%
★Best Day
+$9.23
Sep 26
◎Open Interest
⚡Funding APR
+21.82%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
3.9d
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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.