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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+16.14%
swing±28.22%
LONG Bybit · now
+10.96%
3d avg:−5.18%
SHORT Binance Futures · now
+10.96%
3d avg:+10.96%
Entry Spread Now
+0.121%
In your favorL 0.4698 · S 0.4704+$12.08 if it converges
24h range −0.22%…+0.40% · median +0.01%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$7.74
−0.08%
$Avg Daily PnL
+$4.42
+0.0442%
★Best Day
+$5.95
Sep 28
◎Open Interest
⚡Funding APR
+16.13%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
4.8d
to break even
◧24h Volume
Loading 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.