← Back to Screener
updated 2:06:27 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1321d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.18%
3d Period Avg+27.72%
swing±98.44%
LONG Toobit · nowMSTR-SWAP-USDT
+0.00%
3d avg:−11.30%
SHORT Phoenix · now
+0.18%
3d avg:+16.42%
Entry Spread Now
−0.076%
Against youL ask 130.3700 · S bid 130.2710−$7.59 at entry
24h range −1.23%…+1.82% · median −0.15%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$44.59
−0.45%
$Avg Daily PnL
+$5.14
+0.0514%
★Best Day
+$21.99
Aug 31
◎Open Interest
Toobit$108.1K
Phoenix$42.8K⚡Funding APR
+18.74%
annualized · funding only
⚠Execution Cost
−$65.13
entry + exit fees
⏱Payback
12.7d
to break even
◧24h Volume
Toobit$74.84MPhoenix—Loading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$65.13 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.