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updated 12:09:50 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+65.43%
3d Period Avg−0.73%
swing±8.77%
LONG Bybit · now
−59.68%
3d avg:+6.21%
SHORT Toobit · nowMORPHO-SWAP-USDT
+5.75%
3d avg:+5.48%
Entry Spread Now
−0.023%
Eaten by executionL 2.1470 · S 2.1465−$2.33 if it converges
24h range −0.37%…+0.61% · median −0.15%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$23.57
−0.24%
$Avg Daily PnL
−$0.14
−0.0014%
★Best Day
+$1.18
Sep 12
◎Open Interest
Bybit$6.82M
Toobit$38.7K⚡Funding APR
−0.52%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$1.78MToobit$2.20MLoading 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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.