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updated 7:23:07 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg−5.66%
LONG Variational · now
+10.96%
3d avg:+2.39%
SHORT Bybit · now
+10.96%
3d avg:−3.27%
Entry Spread Now
+0.071%
In your favorL 0.02815 · S 0.02817+$7.10 if it converges
24h range −1.52%…+1.02% · median +0.10%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$15.64
−0.16%
$Avg Daily PnL
−$1.16
−0.0116%
★Best Day
+$0.12
Aug 17
◎Open Interest
Variational$314.6K
Bybit$5.30M⚡Funding APR
−4.24%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Variational$240.2KBybit$16.72MLoading 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.