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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−26.89%
7d Period Avg+39.64%
swing±32.99%
LONG Bybit · now
+118.27%
7d avg:+16.60%
SHORT Toobit · nowM-SWAP-USDT
+91.38%
7d avg:+56.24%
Entry Spread Now
−0.068%
Eaten by executionL 1.1791 · S 1.1783−$6.78 if it converges
24h range −0.29%…+0.48% · median −0.04%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$6.12
−0.06%
$Avg Daily PnL
+$10.85
+0.1085%
★Best Day
+$15.66
Sep 25
◎Open Interest
Bybit$3.60M
Toobit$500.0K⚡Funding APR
+39.61%
annualized · funding only
⚠Execution Cost
−$82.09
entry + exit fees
⏱Payback
7.6d
to break even
◧24h Volume
Bybit$717.9KToobit$1.24MLoading 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 (−$82.09 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.