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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+50.26%
3d Period Avg+3.90%
swing±16.11%
LONG Binance Futures · now
+10.96%
3d avg:+10.96%
SHORT Bybit · now
+61.22%
3d avg:+14.86%
Entry Spread Now
−0.029%
Eaten by executionL 0.1544 · S 0.1543−$2.92 if it converges
24h range −1.28%…+1.74% · median +0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$17.97
−0.18%
$Avg Daily PnL
+$1.01
+0.0101%
★Best Day
+$3.03
Oct 1
◎Open Interest
Binance Futures$8.42M
Bybit$610.4K⚡Funding APR
+3.69%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
20.8d
to break even
◧24h Volume
Binance Futures$6.02MBybit$599.8KLoading 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.