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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β12.81%
3d Period Avg+14.93%
swingΒ±16.27%
LONG Bybit Β· now
β2.04%
3d avg:β10.39%
SHORT Binance Futures Β· now
β14.85%
3d avg:+4.54%
Entry Spread Now
β0.078%
Eaten by executionL 0.1123 Β· S 0.1122β$7.83 if it converges
24h range β0.86%β¦+0.23% Β· median β0.12%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding Historyβ¦
βTotal PnL
β$8.74
β0.09%
$Avg Daily PnL
+$4.09
+0.0409%
β
Best Day
+$6.86
Oct 14
βOpen Interest
Bybit$856.5K
Binance Futures$1.71Mβ‘Funding APR
+14.92%
annualized Β· funding only
β Execution Cost
β$21.00
entry + exit fees
β±Payback
5.1d
to break even
β§24h Volume
Bybit$198.8KBinance Futures$992.6KLoading Cumulative PnLβ¦
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 (β$21.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.