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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
β25.25%
7d Period Avg+11.15%
swingΒ±30.40%
LONG Bybit Β· now
+10.96%
7d avg:β29.26%
SHORT Binance Futures Β· now
β14.29%
7d avg:β18.11%
Entry Spread Now
β0.324%
Against youL 1.7266 Β· S 1.7210β$32.43 if it converges
24h range β0.64%β¦+0.67% Β· median β0.08%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding Historyβ¦
βTotal PnL
+$0.38
+0.00%
$Avg Daily PnL
+$3.05
+0.0305%
β
Best Day
+$7.86
Oct 14
βOpen Interest
Bybit$1.61M
Binance Futures$3.17Mβ‘Funding APR
+11.15%
annualized Β· funding only
β Execution Cost
β$21.00
entry + exit fees
β±Payback
6.9d
to break even
β§24h Volume
Bybit$1.17MBinance Futures$7.66MLoading 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.