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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
−11.18%
3d Period Avg−49.73%
swing±11.97%
LONG HTX · now
+10.96%
3d avg:+10.96%
SHORT Phoenix · now
−0.23%
3d avg:−38.77%
Entry Spread Now
+0.062%
Eaten by executionL 1.9356 · S 1.9368+$6.20 if it converges
24h range −3.19%…+1.91% · median −0.01%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.050%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
−$57.60
−0.58%
$Avg Daily PnL
−$13.53
−0.1353%
★Best Day
−$2.64
Sep 29
◎Open Interest
⚡Funding APR
−49.40%
annualized · funding only
⚠Execution Cost
−$17.00
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 (−$17.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.