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updated 7:18:47 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
−28.92%
3d Period Avg−32.50%
LONG Binance Futures · now
+10.96%
3d avg:−4.05%
SHORT Bybit · now
−17.97%
3d avg:−36.55%
Entry Spread Now
+0.045%
Eaten by executionL 0.08820 · S 0.08824+$4.54 if it converges
24h range −0.13%…+0.53% · median +0.10%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$50.35
−0.50%
$Avg Daily PnL
−$7.34
−0.0734%
★Best Day
−$2.66
Aug 14
◎Open Interest
Binance Futures$1.03M
Bybit$421.1K⚡Funding APR
−26.78%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Binance Futures$461.9KBybit$89.4KLoading 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.