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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
+51.90%
30d Period Avg+5.87%
swing±19.46%
LONG Binance Futures · now
+10.96%
30d avg:+11.08%
SHORT Bybit · now
+62.86%
30d avg:+16.95%
Entry Spread Now
+0.109%
In your favorL 0.1537 · S 0.1538+$10.92 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
+$27.24
+0.27%
$Avg Daily PnL
+$1.61
+0.0161%
★Best Day
+$17.22
Sep 23
◎Open Interest
Binance Futures$8.37M
Bybit$608.3K⚡Funding APR
+5.87%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
13.1d
to break even
◧24h Volume
Binance Futures$6.02MBybit$610.1KLoading 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.