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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~83d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.44%
30d Period Avg−8.16%
swing±46.50%
LONG Lighter · now
+10.52%
30d avg:+7.36%
SHORT Binance Futures · now
+10.96%
30d avg:−0.80%
Entry Spread Now
−0.225%
Against youL 0.2451 · S 0.2445−$22.46 if it converges
24h range −0.27%…+0.23% · median −0.06%
Long pays every1hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$60.43
−0.60%
$Avg Daily PnL
−$1.68
−0.0168%
★Best Day
+$12.98
Sep 16
◎Open Interest
⚡Funding APR
−6.14%
annualized · funding only
⚠Execution Cost
−$10.00
entry + exit fees
⏱Payback
never
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 (−$10.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.