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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
+33.38%
30d Period Avg+1.93%
swing±6.59%
LONG Variational · now
−22.42%
30d avg:+8.40%
SHORT Bybit · nowFILPERP
+10.96%
30d avg:+10.33%
Entry Spread Now
+0.070%
In your favorL 0.9334 · S 0.9340+$6.96 if it converges
24h range −0.73%…+0.70% · median +0.03%
Long pays every8hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$4.83
+0.05%
$Avg Daily PnL
+$0.53
+0.0053%
★Best Day
+$3.05
Sep 23
◎Open Interest
Variational$453.7K
Bybit$128.2K⚡Funding APR
+1.93%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
20.9d
to break even
◧24h Volume
Variational$118.9KBybit$34.9KLoading 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.