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updated 3:43:58 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~6.0d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+89.05%
30d Period Avg+20.21%
LONG CoinW · now
+10.96%
30d avg:+10.96%
SHORT Bybit · now
+100.00%
30d avg:+31.17%
Entry Spread Now
+0.069%
Eaten by executionL 0.04351 · S 0.04354+$6.89 if it converges
24h range −1.34%…+0.49% · median +0.02%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Limited funding history — chart clipped to available data
- CoinW (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.
Sparse settlements: long 2%, short 8% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$129.03
−1.29%
$Avg Daily PnL
+$4.32
+0.0432%
★Best Day
+$8.18
Aug 21
◎Open Interest
CoinW—
Bybit$4.60M⚡Funding APR
+15.75%
annualized · funding only
⚠Execution Cost
−$146.29
entry + exit fees
⏱Payback
1.1mo
to break even
◧24h Volume
CoinW—Bybit$5.90MLoading 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 (−$146.29 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.