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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 ~0.8d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+88.42%
7d Period Avg+66.22%
swing±67.90%
LONG Bybit · now
+0.99%
7d avg:−6.46%
SHORT Coinbase International · nowHYPE-PERP
+89.41%
7d avg:+59.76%
Entry Spread Now
−2.119%
Against youL 90.6000 · S 88.6800−$211.92 if it converges
24h range −0.37%…+4.29% · median +0.12%
Long pays every8hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.040%
Stale data — coinbase-intl last updated 3h ago. This venue stopped reporting this market (delisted/renamed/blocked); the rate shown is not live.
Loading Funding History…
↗Total PnL
+$98.70
+0.99%
$Avg Daily PnL
+$17.00
+0.1700%
★Best Day
+$36.60
Sep 30
◎Open Interest
Bybit$278.71M
Coinbase International$4.19M⚡Funding APR
+62.03%
annualized · funding only
⚠Execution Cost
−$20.27
entry + exit fees
⏱Payback
1.2d
to break even
◧24h Volume
Bybit$401.51MCoinbase International$2.30MLoading 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 (−$20.27 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.