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updated 4:15:33 AMFunding Arbitrage Backtester
Size$
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
−30.79%
3d Period Avg+10.52%
LONG Binance Futures · now
+46.95%
3d avg:+18.67%
SHORT Bybit · now
+16.16%
3d avg:+29.19%
Entry Spread Now
−0.070%
Eaten by executionL 0.04393 · S 0.04390−$7.03 if it converges
24h range −0.85%…+0.43% · median −0.07%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Limited funding history — chart clipped to available data
- Binance Futures (Long): live data only — historical backfill pending (depth grows organically as we ingest)
- Bybit (Short): live data only — historical backfill pending (depth grows organically as we ingest)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Loading Funding History…
↗Total PnL
−$13.39
−0.13%
$Avg Daily PnL
+$1.90
+0.0190%
★Best Day
+$5.22
Aug 21
◎Open Interest
Binance Futures$12.96M
Bybit$4.61M⚡Funding APR
+6.95%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
11.0d
to break even
◧24h Volume
Binance Futures$11.78MBybit$5.97MLoading 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.