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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 not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
30d Period Avg−1.83%
swing±36.07%
LONG Binance Futures · now
+10.96%
30d avg:−1.48%
SHORT Bybit · now
+10.96%
30d avg:−3.31%
Entry Spread Now
+0.437%
In your favorL 0.04351 · S 0.04370+$43.67 if it converges
24h range −0.50%…+0.41% · median +0.12%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$12.44
−0.12%
$Avg Daily PnL
+$0.29
+0.0029%
★Best Day
+$15.67
Sep 14
◎Open Interest
⚡Funding APR
+1.04%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
2.5mo
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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.