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updated 12:39:39 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+129.80%
3d Period Avg+50.36%
LONG Bybit · now
−118.84%
3d avg:−51.42%
SHORT Binance Futures · now
+10.96%
3d avg:−1.06%
Entry Spread Now
−0.019%
NeutralL 0.2660 · S 0.2660
24h range −0.27%…+0.15% · median −0.02%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$20.37
+0.20%
$Avg Daily PnL
+$10.34
+0.1034%
★Best Day
+$17.46
Aug 14
◎Open Interest
Bybit$158.6K
Binance Futures$818.0K⚡Funding APR
+37.75%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
2.0d
to break even
◧24h Volume
Bybit$59.0KBinance Futures$284.0KLoading 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.