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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
β7.23%
7d Period Avgβ6.15%
swingΒ±36.50%
LONG Bybit Β· now
+10.96%
7d avg:β15.33%
SHORT BingX Β· now
+3.73%
7d avg:β21.48%
Entry Spread Now
β0.130%
Against youL 0.09236 Β· S 0.09224β$12.99 if it converges
24h range β0.50%β¦+0.31% Β· median β0.06%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding Historyβ¦
βTotal PnL
β$32.79
β0.33%
$Avg Daily PnL
β$1.68
β0.0168%
β
Best Day
+$9.45
Oct 9
βOpen Interest
Bybit$1.19M
BingX$734.7Kβ‘Funding APR
β6.15%
annualized Β· funding only
β Execution Cost
β$21.00
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Bybit$1.09MBingX$1.67MLoading 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.