← 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 ~19d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.23%
3d Period Avg+7.11%
swing±7.98%
LONG Binance Futures · now
+6.72%
3d avg:+3.85%
SHORT Phemex · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.598%
In your favorL 2.6404 · S 2.6562+$59.84 if it converges
24h range −0.98%…+0.90% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.010%/taker0.060%
Loading Funding History…
↗Total PnL
−$17.65
−0.18%
$Avg Daily PnL
+$1.45
+0.0145%
★Best Day
+$1.84
Sep 26
◎Open Interest
Binance Futures$22.98M
Phemex$1.14M⚡Funding APR
+5.29%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
15.2d
to break even
◧24h Volume
Binance Futures$28.52MPhemex$1.46MLoading 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 (−$22.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.