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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
−27.03%
7d Period Avg+32.28%
swing±87.89%
LONG Binance Futures · now
+37.99%
7d avg:+39.20%
SHORT Bybit · now
+10.96%
7d avg:+71.48%
Entry Spread Now
−0.423%
Against youL 0.05514 · S 0.05491−$42.27 if it converges
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
+$31.59
+0.32%
$Avg Daily PnL
+$7.51
+0.0751%
★Best Day
+$36.47
Oct 4
◎Open Interest
Binance Futures$4.57M
Bybit$888.9K⚡Funding APR
+27.42%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
2.8d
to break even
◧24h Volume
Binance Futures$8.02MBybit$1.85MLoading 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.