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updated 2:43:28 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+127.58%
30d Period Avg−0.72%
LONG BloFin · now
+15.49%
30d avg:+26.74%
SHORT Bybit · now
+143.07%
30d avg:+26.02%
Entry Spread Now
+0.062%
Eaten by executionL 0.03218 · S 0.03220+$6.22 if it converges
24h range −0.60%…+0.09% · median −0.12%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$28.91
−0.29%
$Avg Daily PnL
−$0.19
−0.0019%
★Best Day
+$17.38
Aug 4
◎Open Interest
BloFin$233.9K
Bybit$860.5K⚡Funding APR
−0.70%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
BloFin$2.7KBybit$144.2KLoading 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.