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updated 4:31:13 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
+0.00%
3d Period Avg+2.83%
LONG Bybit · now
+10.96%
3d avg:+10.96%
SHORT Variational · now
+10.96%
3d avg:+13.79%
Entry Spread Now
+0.047%
Eaten by executionL 0.3190 · S 0.3191+$4.70 if it converges
24h range −0.19%…+0.25% · median −0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$13.08
−0.13%
$Avg Daily PnL
−$0.52
−0.0052%
★Best Day
+$1.42
Aug 17
◎Open Interest
Bybit$211.5K
Variational$4.0K⚡Funding APR
−1.90%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$87.3KVariational$101Loading 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 (−$11.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.