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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 estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
7d Period Avg+11.49%
swing±16.93%
LONG Phemex · now
+0.00%
7d avg:+0.00%
SHORT Variational · now
+0.00%
7d avg:+11.49%
Entry Spread Now
+0.033%
Eaten by executionL 160.8100 · S 160.8625+$3.26 if it converges
24h range −0.18%…+0.17% · median −0.03%
Long pays every4hShort pays every8h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$81.07
−0.81%
$Avg Daily PnL
+$3.14
+0.0314%
★Best Day
+$7.48
Sep 22
◎Open Interest
⚡Funding APR
+11.48%
annualized · funding only
⚠Execution Cost
−$103.08
entry + exit fees
⏱Payback
1.1mo
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 (−$103.08 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.