← 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
+0.00%
3d Period Avg+27.87%
swing±32.54%
LONG Phemex · now
+10.96%
3d avg:+10.96%
SHORT Pionex · nowPONS_USDT_PERP
+10.96%
3d avg:+38.83%
Entry Spread Now
−0.313%
Against youL 0.5750 · S 0.5732−$31.30 if it converges
24h range −0.68%…+0.77% · median −0.03%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$0.89
+0.01%
$Avg Daily PnL
+$7.63
+0.0763%
★Best Day
+$12.22
Sep 26
◎Open Interest
Phemex$1.54M
Pionex$721.9K⚡Funding APR
+27.85%
annualized · funding only
⚠Execution Cost
−$22.00
entry + exit fees
⏱Payback
2.9d
to break even
◧24h Volume
Phemex$2.64MPionex$1.40MLoading 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.