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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 covers it in ~1.9d
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+39.37%
3d Period Avg+6.29%
swingΒ±73.29%
LONG Binance Futures Β· now
β28.41%
3d avg:β9.26%
SHORT Bybit Β· now
+10.96%
3d avg:β2.97%
Entry Spread Now
β0.255%
Against youL 0.05891 Β· S 0.05876β$25.46 if it converges
24h range β0.24%β¦+0.20% Β· median β0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$13.88
β0.14%
$Avg Daily PnL
+$2.37
+0.0237%
β
Best Day
+$8.69
Oct 8
βOpen Interest
Binance Futures$2.59M
Bybit$1.87Mβ‘Funding APR
+8.66%
annualized Β· funding only
β Execution Cost
β$21.00
entry + exit fees
β±Payback
8.8d
to break even
β§24h Volume
Binance Futures$6.19MBybit$1.80MLoading 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.