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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
β3.08%
7d Period Avg+30.01%
swingΒ±71.78%
LONG Bybit Β· now
+22.14%
7d avg:β62.43%
SHORT BingX Β· now
+19.07%
7d avg:β32.42%
Entry Spread Now
β0.009%
NeutralL 0.5459 Β· S 0.5459
24h range β1.02%β¦+2.95% Β· median β0.05%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding Historyβ¦
βTotal PnL
β$13.53
β0.14%
$Avg Daily PnL
+$1.07
+0.0107%
β
Best Day
+$21.74
Oct 5
βOpen Interest
Bybit$3.09M
BingX$2.56Mβ‘Funding APR
+3.89%
annualized Β· funding only
β Execution Cost
β$21.00
entry + exit fees
β±Payback
19.7d
to break even
β§24h Volume
Bybit$4.19MBingX$3.01MLoading 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.