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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
−16.76%
7d Period Avg+23.63%
swing±28.27%
LONG Bybit · now
+10.92%
7d avg:−15.34%
SHORT Binance Futures · now
−5.84%
7d avg:+8.29%
Entry Spread Now
+0.604%
In your favorL 0.1374 · S 0.1382+$60.42 if it converges
24h range −0.61%…+0.37% · median −0.13%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
+$24.30
+0.24%
$Avg Daily PnL
+$6.47
+0.0647%
★Best Day
+$10.94
Oct 16
◎Open Interest
⚡Funding APR
+23.62%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
3.3d
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.