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updated 2:55:10 PMFunding Arbitrage Backtester
Size$
R-trip cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+26.04%
3d Period Avg+15.21%
LONG Bybit · nowNIGHTPERP
+10.96%
3d avg:+10.96%
SHORT Toobit · nowNIGHT-SWAP-USDT
+37.00%
3d avg:+26.17%
Entry Spread Now
−0.095%
Eaten by executionL 0.02102 · S 0.02100−$9.51 if it converges
24h range −2.17%…+1.16% · median −0.05%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$10.51
−0.11%
$Avg Daily PnL
+$3.12
+0.0312%
★Best Day
+$10.47
Jul 20
◎Open Interest
⚡Funding APR
+11.40%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
7.4d
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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.