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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 ~192d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.38%
3d Period Avg+4.41%
swing±7.30%
LONG Binance Futures · now
+9.31%
3d avg:−9.00%
SHORT Pionex · nowQNT_USDT_PERP
+9.69%
3d avg:−4.59%
Entry Spread Now
−0.039%
Eaten by executionL 243.5639 · S 243.4700−$3.86 if it converges
24h range −0.36%…+0.48% · median +0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$17.75
−0.18%
$Avg Daily PnL
+$0.75
+0.0075%
★Best Day
+$0.92
Oct 9
◎Open Interest
⚡Funding APR
+2.73%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
26.7d
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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.