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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
−1.30%
30d Period Avg+67.13%
swing±84.81%
LONG Bybit · now
−31.89%
30d avg:+5.30%
SHORT Crypto.com · nowQNTUSD-PERP
−33.19%
30d avg:+72.43%
Entry Spread Now
−0.035%
Eaten by executionL 294.8800 · S 294.7770−$3.49 if it converges
24h range −0.94%…+0.69% · median +0.03%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$529.61
+5.30%
$Avg Daily PnL
+$18.35
+0.1835%
★Best Day
+$54.06
Sep 18
◎Open Interest
⚡Funding APR
+66.99%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
1.1d
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.