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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 ~3.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+25.09%
30d Period Avg−1.31%
swing±4.66%
LONG Bybit · now
−14.13%
30d avg:+10.68%
SHORT Binance Futures · now
+10.96%
30d avg:+9.37%
Entry Spread Now
−0.027%
Eaten by executionL 3.1940 · S 3.1931−$2.68 if it converges
24h range −0.22%…+0.32% · median +0.09%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$31.73
−0.32%
$Avg Daily PnL
−$0.36
−0.0036%
★Best Day
+$2.00
Oct 1
◎Open Interest
⚡Funding APR
−1.31%
annualized · funding only
⚠Execution Cost
−$21.00
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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.