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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%
3d Period Avg+17.29%
swing±16.83%
LONG Bybit · now
+10.96%
3d avg:−6.84%
SHORT Binance Futures · now
+10.96%
3d avg:+10.45%
Entry Spread Now
+0.054%
Eaten by executionL 0.02284 · S 0.02285+$5.36 if it converges
24h range −0.29%…+0.18% · median −0.04%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$6.80
−0.07%
$Avg Daily PnL
+$4.73
+0.0473%
★Best Day
+$5.65
Oct 16
◎Open Interest
⚡Funding APR
+17.28%
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.