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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
+0.00%
30d Period Avg+9.30%
swing±21.78%
LONG Bybit · now
+10.96%
30d avg:+1.02%
SHORT Binance Futures · now
+10.96%
30d avg:+10.32%
Entry Spread Now
−0.283%
Against youL 1.0936 · S 1.0905−$28.35 if it converges
24h range −0.34%…+0.42% · median −0.02%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$55.38
+0.55%
$Avg Daily PnL
+$2.55
+0.0255%
★Best Day
+$11.99
Sep 28
◎Open Interest
⚡Funding APR
+9.29%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
8.3d
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.