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updated —Funding Arbitrage Backtester
Size per leg$
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
−3.94%
3d Period Avg−2.71%
swing±104.89%
LONG Binance Futures · now
+23.82%
3d avg:+79.01%
SHORT Bybit · now
+19.88%
3d avg:+76.30%
Entry Spread Now
−0.016%
NeutralL 0.06087 · S 0.06086
24h range −1.60%…+13.51% · median +0.18%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$16.48
−0.16%
$Avg Daily PnL
+$1.51
+0.0151%
★Best Day
+$11.34
Oct 6
◎Open Interest
Binance Futures$4.82M
Bybit$939.3K⚡Funding APR
+5.50%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
13.9d
to break even
◧24h Volume
Binance Futures$10.95MBybit$2.33MLoading 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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.