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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
+0.00%
7d Period Avg+5.96%
swing±23.44%
LONG Bybit · now
+10.96%
7d avg:−1.54%
SHORT Variational · now
+10.96%
7d avg:+4.42%
Entry Spread Now
+0.013%
NeutralL 2.6848 · S 2.6851
24h range −0.74%…+0.64% · median −0.02%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0%/taker0%
Loading Funding History…
↗Total PnL
−$16.30
−0.16%
$Avg Daily PnL
+$1.63
+0.0163%
★Best Day
+$4.86
Sep 22
◎Open Interest
⚡Funding APR
+5.96%
annualized · funding only
⚠Execution Cost
−$27.73
entry + exit fees
⏱Payback
17.0d
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 (−$27.73 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.