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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 ~30d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.75%
7d Period Avg+15.43%
swing±19.55%
LONG Variational · now
+10.79%
7d avg:+2.91%
SHORT Bybit · now
+13.55%
7d avg:+18.34%
Entry Spread Now
+0.020%
NeutralL 201.0805 · S 201.1200
24h range −1.02%…+0.92% · median +0.12%
Long pays every8hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$6.68
+0.07%
$Avg Daily PnL
+$4.22
+0.0422%
★Best Day
+$8.73
Oct 10
◎Open Interest
⚡Funding APR
+15.42%
annualized · funding only
⚠Execution Cost
−$22.89
entry + exit fees
⏱Payback
5.4d
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 (−$22.89 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.