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updated 8:00:28 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+35.66%
3d Period Avg+1.22%
LONG Binance Futures · now
−61.63%
3d avg:−41.27%
SHORT Bybit · now
−25.97%
3d avg:−40.05%
Entry Spread Now
−0.058%
Eaten by executionL 0.1040 · S 0.1039−$5.77 if it converges
24h range −0.35%…+0.45% · median +0.09%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$22.91
−0.23%
$Avg Daily PnL
−$0.64
−0.0064%
★Best Day
+$2.76
Aug 17
◎Open Interest
Binance Futures$2.48M
Bybit$1.60M⚡Funding APR
−2.33%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Binance Futures$2.32MBybit$761.6KLoading 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.