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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 ~28d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.57%
3d Period Avg+1.94%
swing±6.37%
LONG Binance Futures · now
+1.55%
3d avg:−1.03%
SHORT Pionex · nowXLM_USDT_PERP
+4.12%
3d avg:+0.91%
Entry Spread Now
+0.033%
Eaten by executionL 0.2049 · S 0.2049+$3.27 if it converges
24h range −0.17%…+0.36% · median +0.00%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$18.00
−0.18%
$Avg Daily PnL
+$0.67
+0.0067%
★Best Day
+$1.16
Oct 9
◎Open Interest
⚡Funding APR
+2.44%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
29.9d
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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.