← 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 ~0.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+207.59%
30d Period Avg+43.29%
swing±120.11%
LONG Phoenix · now
+0.16%
30d avg:−9.94%
SHORT Coinbase International · nowMORPHO-PERP
+207.75%
30d avg:+33.35%
Entry Spread Now
+0.962%
In your favorL 2.6915 · S 2.7174+$96.23 if it converges
24h range −1.53%…+7.42% · median +0.40%
Long pays every1hShort pays every1h
LONGmaker0.005%/taker0.035%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
+$321.54
+3.22%
$Avg Daily PnL
+$11.22
+0.1122%
★Best Day
+$65.65
Sep 27
◎Open Interest
Phoenix$32.8K
Coinbase International$37.6K⚡Funding APR
+40.95%
annualized · funding only
⚠Execution Cost
−$15.00
entry + exit fees
⏱Payback
1.3d
to break even
◧24h Volume
Phoenix—Coinbase International$569Loading 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 (−$15.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.