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updated 9:15:40 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+157.86%
1d Period Avg+31.11%
swing±48.46%
LONG Bybit · now
−146.90%
1d avg:−20.15%
SHORT BingX · now
+10.96%
1d avg:+10.96%
Entry Spread Now
−0.077%
Eaten by executionL 0.1296 · S 0.1295−$7.72 if it converges
24h range −0.51%…+0.36% · median +0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$12.48
−0.12%
$Avg Daily PnL
+$4.26
+0.0426%
★Best Day
+$8.52
Sep 17
◎Open Interest
Bybit$931.9K
BingX$1.06M⚡Funding APR
+15.54%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
4.9d
to break even
◧24h Volume
Bybit$2.09MBingX$1.25MLoading 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.