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updated —BRENT Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+0.70%
swing±42.14%
LONG Bybit · nowBZUSDT
+0.00%
3d avg:−86.27%
SHORT Gate.io · nowBZ_USDT
+0.00%
3d avg:−85.57%
Entry Spread Now
−0.086%
Eaten by executionL 93.4900 · S 93.4100−$8.56 if it converges
24h range −0.16%…+0.10% · median −0.06%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker-0.010%/taker0.075%
Loading Funding History…
↗Total PnL
−$29.64
−0.30%
$Avg Daily PnL
+$0.19
+0.0019%
★Best Day
+$4.63
Nov 11
◎Open Interest
Bybit$16.68M
Gate.io$5.71M⚡Funding APR
+0.70%
annualized · funding only
⚠Execution Cost
−$30.22
entry + exit fees
⏱Payback
5.2mo
to break even
◧24h Volume
Bybit$10.74MGate.io$14.02MLoading 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 (−$30.22 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.