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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 ~20d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.68%
7d Period Avg+1.67%
swing±9.66%
LONG Binance Futures · now
−6.18%
7d avg:−1.22%
SHORT Pionex · nowXLM_USDT_PERP
−2.51%
7d avg:+0.45%
Entry Spread Now
−0.028%
Eaten by executionL 0.2031 · S 0.2030−$2.82 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
−$16.69
−0.17%
$Avg Daily PnL
+$0.47
+0.0047%
★Best Day
+$1.16
Oct 9
◎Open Interest
⚡Funding APR
+1.72%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
1.4mo
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.