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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%
7d Period Avg+20.83%
swing±37.56%
LONG Binance Futures · now
+10.96%
7d avg:+24.91%
SHORT Bybit · now
+10.96%
7d avg:+45.74%
Entry Spread Now
−0.051%
Eaten by executionL 0.03950 · S 0.03948−$5.06 if it converges
24h range −0.68%…+0.33% · median −0.08%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$12.31
+0.12%
$Avg Daily PnL
+$4.76
+0.0476%
★Best Day
+$11.25
Oct 2
◎Open Interest
⚡Funding APR
+17.37%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
4.4d
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.