← Back to Screener
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
−10.96%
7d Period Avg+7.22%
swing±23.36%
LONG Phemex · now
+10.96%
7d avg:+10.96%
SHORT Variational · nowNATGAS
+0.00%
7d avg:+18.18%
Entry Spread Now
+0.019%
NeutralL 3.1130 · S 3.1136
24h range −0.50%…+0.20% · median −0.00%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
+$1.85
+0.02%
$Avg Daily PnL
+$1.98
+0.0198%
★Best Day
+$6.80
Sep 21
◎Open Interest
Phemex$1.57M
Variational$483.3K⚡Funding APR
+7.22%
annualized · funding only
⚠Execution Cost
−$12.00
entry + exit fees
⏱Payback
6.1d
to break even
◧24h Volume
Phemex$31.6KVariational$172.6KLoading 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 (−$12.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.