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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β21.76%
3d Period Avg+8.98%
swingΒ±19.26%
LONG Binance Futures Β· now
β56.80%
3d avg:β13.72%
SHORT Bybit Β· now
β78.57%
3d avg:β4.74%
Entry Spread Now
+0.067%
Eaten by executionL 0.05942 Β· S 0.05946+$6.73 if it converges
24h range β0.67%β¦+0.68% Β· median +0.04%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$13.47
β0.13%
$Avg Daily PnL
+$2.51
+0.0251%
β
Best Day
+$4.87
Oct 15
βOpen Interest
Binance Futures$3.27M
Bybit$1.44Mβ‘Funding APR
+9.16%
annualized Β· funding only
β Execution Cost
β$21.00
entry + exit fees
β±Payback
8.4d
to break even
β§24h Volume
Binance Futures$5.33MBybit$1.92MLoading Cumulative PnLβ¦
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 (β$21.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.