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updated 11:15:43 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+154.95%
30d Period Avg−17.15%
LONG Bybit · now
−143.99%
30d avg:−2.57%
SHORT Binance Futures · now
+10.96%
30d avg:−19.72%
Entry Spread Now
+0.068%
Eaten by executionL 0.2660 · S 0.2662+$6.77 if it converges
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
−$161.86
−1.62%
$Avg Daily PnL
−$4.54
−0.0454%
★Best Day
+$17.46
Aug 14
◎Open Interest
Bybit$158.1K
Binance Futures$818.7K⚡Funding APR
−16.59%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$61.7KBinance Futures$297.0KLoading 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.