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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 ~0.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1121.81%
30d Period Avg−31.44%
swing±123.87%
LONG Bybit · now
+5.49%
30d avg:+7.82%
SHORT Coinbase International · nowAVNT-PERP
+1127.31%
30d avg:−23.62%
Entry Spread Now
+1.110%
In your favorL 0.1270 · S 0.1285+$110.99 if it converges
24h range −1.84%…+5.62% · median +4.07%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
−$263.66
−2.64%
$Avg Daily PnL
−$8.16
−0.0816%
★Best Day
+$50.57
Sep 27
◎Open Interest
Bybit$4.33M
Coinbase International$4.2K⚡Funding APR
−29.77%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$725.5KCoinbase International$2.7KLoading 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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.