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updated 2:37:13 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+32.25%
30d Period Avg+3.11%
LONG Bybit · now
+10.96%
30d avg:+10.96%
SHORT Variational · now
+43.21%
30d avg:+14.07%
Entry Spread Now
−0.016%
NeutralL 0.3169 · S 0.3169
24h range −0.19%…+0.43% · median −0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0%/taker0%
Limited funding history — chart clipped to available data
- Variational (Short): data starts Aug 15, 2026 (2d available out of 30d requested)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Sparse settlements: long 100%, short 6% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
−$94.58
−0.95%
$Avg Daily PnL
−$2.70
−0.0270%
★Best Day
+$1.42
Aug 17
◎Open Interest
Bybit$209.9K
Variational$4.0K⚡Funding APR
−9.84%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$88.3KVariational$201Loading 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.