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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+43.33%
3d Period Avg+19.45%
swing±19.17%
LONG Variational · now
+0.00%
3d avg:+2.26%
SHORT Bybit · now
+43.33%
3d avg:+21.71%
Entry Spread Now
+0.135%
Eaten by executionL 205.8020 · S 206.0800+$13.51 if it converges
24h range −1.02%…+0.92% · median +0.13%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$11.55
−0.12%
$Avg Daily PnL
+$5.33
+0.0533%
★Best Day
+$8.16
Oct 12
◎Open Interest
Variational$2.77M
Bybit$6.93M⚡Funding APR
+19.44%
annualized · funding only
⚠Execution Cost
−$27.53
entry + exit fees
⏱Payback
5.2d
to break even
◧24h Volume
Variational$1.64MBybit$6.90MLoading 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 (−$27.53 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.