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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β20.87%
3d Period Avg+12.40%
swingΒ±31.40%
LONG Bybit Β· now
+10.96%
3d avg:β26.41%
SHORT Binance Futures Β· now
β9.91%
3d avg:β14.01%
Entry Spread Now
β0.069%
Eaten by executionL 1.7442 Β· S 1.7430β$6.88 if it converges
24h range β0.64%β¦+0.67% Β· median β0.09%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding Historyβ¦
βTotal PnL
β$10.82
β0.11%
$Avg Daily PnL
+$3.39
+0.0339%
β
Best Day
+$7.86
Oct 14
βOpen Interest
Bybit$1.63M
Binance Futures$3.20Mβ‘Funding APR
+12.39%
annualized Β· funding only
β Execution Cost
β$21.00
entry + exit fees
β±Payback
6.2d
to break even
β§24h Volume
Bybit$1.13MBinance Futures$7.43MLoading Cumulative PnLβ¦
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 (β$21.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.