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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~9.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+7.84%
3d Period Avg+3.50%
swing±20.72%
LONG Binance Futures · now
+10.96%
3d avg:+20.40%
SHORT Bybit · now
+18.80%
3d avg:+23.90%
Entry Spread Now
+0.065%
Eaten by executionL 0.3236 · S 0.3238+$6.47 if it converges
24h range −0.49%…+0.57% · median +0.08%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$18.01
−0.18%
$Avg Daily PnL
+$1.00
+0.0100%
★Best Day
+$1.93
Sep 29
◎Open Interest
Binance Futures$3.48M
Bybit$2.70M⚡Funding APR
+3.64%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
21.1d
to break even
◧24h Volume
Binance Futures$2.17MBybit$521.0KLoading 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.