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updated 6:49:48 PMFunding Arbitrage Backtester
Size$
R-trip cost
Funding ArbitrageLooking at price convergence? → /price-pair
Net Funding APR · Now
+5.48%
3d Avg—
LONG Bybit
+5.48%
3d: —
SHORT Variational
+10.96%
3d: —
Long pays every8hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$8.90
−0.09%
$Avg Daily PnL
+$0.53
+0.0053%
★Best Day
+$1.00
May 16
◎Open Interest
Bybit$13.94M
Variational$74.2K⚡APR
−8.12%
annualized
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
20.9d
to break even
◧24h Volume
Bybit$93.96MVariational$348.1KLoading 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 (−$11.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.