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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+10.76%
swing±18.08%
LONG Bybit · now
+10.96%
3d avg:−1.34%
SHORT OKX · nowMORPHO-USDT-SWAP
+10.96%
3d avg:+9.42%
Entry Spread Now
+0.080%
Eaten by executionL 2.7380 · S 2.7402+$8.04 if it converges
24h range −0.65%…+0.17% · median +0.00%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$12.17
−0.12%
$Avg Daily PnL
+$2.94
+0.0294%
★Best Day
+$5.74
Sep 25
◎Open Interest
⚡Funding APR
+10.75%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
7.1d
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.