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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+6.39%
swing±20.56%
LONG Bybit · now
+10.96%
3d avg:−1.34%
SHORT Variational · now
+10.96%
3d avg:+5.05%
Entry Spread Now
−0.023%
Eaten by executionL 2.7277 · S 2.7271−$2.27 if it converges
24h range −0.74%…+0.64% · median −0.02%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$5.75
−0.06%
$Avg Daily PnL
+$1.75
+0.0175%
★Best Day
+$3.17
Sep 25
◎Open Interest
⚡Funding APR
+6.39%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
6.3d
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 (−$11.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.