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updated 7:20:42 PMFunding Arbitrage Backtester
Size$
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
−20.80%
3d Period Avg−7.71%
LONG Toobit · nowGENIUS-SWAP-USDT
+31.76%
3d avg:+18.67%
SHORT Bybit · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.054%
Eaten by executionL 0.3691 · S 0.3693+$5.42 if it converges
24h range −0.30%…+0.40% · median +0.11%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$29.33
−0.29%
$Avg Daily PnL
−$1.58
−0.0158%
★Best Day
−$0.08
Aug 14
◎Open Interest
Toobit$36.9K
Bybit$1.08M⚡Funding APR
−5.78%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Toobit$589.6KBybit$138.2KLoading 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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.