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updated 4:55:22 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~87d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+3.84%
3d Period Avg−2.87%
swing±6.60%
LONG Binance Futures · now
+7.12%
3d avg:+10.53%
SHORT Bybit · now
+10.96%
3d avg:+7.66%
Entry Spread Now
+0.199%
Eaten by executionL 0.0008554 · S 0.0008571+$19.87 if it converges
24h range −0.27%…+0.53% · median +0.01%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$94.43
−0.94%
$Avg Daily PnL
−$0.69
−0.0069%
★Best Day
+$0.56
Sep 14
◎Open Interest
Binance Futures$7.82M
Bybit$2.30M⚡Funding APR
−2.52%
annualized · funding only
⚠Execution Cost
−$91.67
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Binance Futures$7.39MBybit$800.8KLoading 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 (−$91.67 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.