← Back to Screener
updated 12:13:07 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+54.51%
3d Period Avg+30.07%
swing±13.72%
LONG Hotcoin · now
−16.44%
3d avg:−6.33%
SHORT Phoenix · now
+38.07%
3d avg:+23.74%
Entry Spread Now
+0.098%
In your favorL ask 112.6600 · S bid 112.7700+$9.76 at entry
24h range −2.91%…+1.07% · median +0.02%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.060%SHORTmaker0.005%/taker0.035%
Loading Funding History…
↗Total PnL
+$1.55
+0.02%
$Avg Daily PnL
+$5.94
+0.0594%
★Best Day
+$11.77
Sep 18
◎Open Interest
Hotcoin$68.46M
Phoenix$6.47M⚡Funding APR
+21.67%
annualized · funding only
⚠Execution Cost
−$22.20
entry + exit fees
⏱Payback
3.7d
to break even
◧24h Volume
Hotcoin—Phoenix—Loading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$22.20 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.