← Back to Screener
updated —TAO Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~23d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+4.92%
7d Period Avg+19.35%
swing±21.12%
LONG Phemex · now
+6.04%
7d avg:−11.85%
SHORT Bybit · now
+10.96%
7d avg:+7.50%
Entry Spread Now
−0.034%
Eaten by executionL 208.0000 · S 207.9300−$3.37 if it converges
24h range −0.58%…+0.35% · median −0.01%
Long pays every4hShort pays every4h
LONGmaker0.010%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$6.66
+0.07%
$Avg Daily PnL
+$5.30
+0.0530%
★Best Day
+$13.18
Nov 8
◎Open Interest
Phemex$2.33M
Bybit$28.87M⚡Funding APR
+19.34%
annualized · funding only
⚠Execution Cost
−$30.42
entry + exit fees
⏱Payback
5.7d
to break even
◧24h Volume
Phemex$7.45MBybit$29.19MLoading 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 (−$30.42 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.