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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
−34.08%
7d Period Avg+40.15%
swing±115.93%
LONG Binance Futures · now
−50.82%
7d avg:−142.78%
SHORT Bybit · now
−84.91%
7d avg:−102.63%
Entry Spread Now
+0.049%
Eaten by executionL 0.07410 · S 0.07414+$4.91 if it converges
24h range −0.49%…+0.81% · median +0.05%
Long pays every8hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$44.69
+0.45%
$Avg Daily PnL
+$9.38
+0.0938%
★Best Day
+$30.05
Oct 11
◎Open Interest
Binance Futures$5.85M
Bybit$4.02M⚡Funding APR
+34.25%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
2.2d
to break even
◧24h Volume
Binance Futures$10.52MBybit$3.26MLoading 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.