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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 ~3.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+23.87%
30d Period Avg+9.47%
swing±35.29%
LONG Binance Futures · now
+10.96%
30d avg:+20.32%
SHORT Bybit · now
+34.83%
30d avg:+29.79%
Entry Spread Now
+0.077%
Eaten by executionL 0.3218 · S 0.3220+$7.68 if it converges
24h range −0.49%…+0.57% · median +0.05%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$63.91
+0.64%
$Avg Daily PnL
+$2.83
+0.0283%
★Best Day
+$15.09
Sep 2
◎Open Interest
Binance Futures$3.45M
Bybit$2.67M⚡Funding APR
+10.33%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
7.4d
to break even
◧24h Volume
Binance Futures$2.15MBybit$514.7KLoading 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.