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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
+0.00%
30d Period Avg−3.58%
swing±25.14%
LONG Bybit · now
+10.96%
30d avg:+5.02%
SHORT Binance Futures · now
+10.96%
30d avg:+1.44%
Entry Spread Now
+0.000%
NeutralL 0.003572 · S 0.003572
24h range −0.29%…+0.43% · median +0.11%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$1.85
+0.02%
$Avg Daily PnL
+$0.76
+0.0076%
★Best Day
+$39.26
Sep 19
◎Open Interest
⚡Funding APR
+2.78%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
27.6d
to break even
◧24h Volume
Loading 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.