← Back to Screener
updated —PONS Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.9d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+109.05%
3d Period Avg+7.48%
swing±70.44%
LONG Gate.io · now
−106.07%
3d avg:−2.64%
SHORT Bybit · now
+2.98%
3d avg:+4.84%
Entry Spread Now
−0.078%
Eaten by executionL 0.1290 · S 0.1289−$7.75 if it converges
24h range −1.34%…+0.90% · median −0.07%
Long pays every4hShort pays every4h
LONGmaker-0.010%/taker0.075%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$18.96
−0.19%
$Avg Daily PnL
+$2.35
+0.0235%
★Best Day
+$11.25
Nov 13
◎Open Interest
Gate.io$8.71M
Bybit$8.34M⚡Funding APR
+8.56%
annualized · funding only
⚠Execution Cost
−$26.00
entry + exit fees
⏱Payback
11.1d
to break even
◧24h Volume
Gate.io$1.86MBybit$11.67MLoading 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 (−$26.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.