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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 ~1.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+32.63%
3d Period Avg+7.60%
swing±12.91%
LONG Variational · now
−21.67%
3d avg:+3.36%
SHORT Bybit · nowFILPERP
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.048%
Eaten by executionL 0.9342 · S 0.9337−$4.82 if it converges
24h range −0.73%…+0.44% · median +0.03%
Long pays every8hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$3.62
−0.04%
$Avg Daily PnL
+$1.85
+0.0185%
★Best Day
+$2.93
Sep 23
◎Open Interest
Variational$454.0K
Bybit$128.4K⚡Funding APR
+6.74%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
6.0d
to break even
◧24h Volume
Variational$117.9KBybit$34.6KLoading 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 (−$11.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.