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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 ~1.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+53.69%
30d Period Avg+11.16%
swing±23.35%
LONG Bybit · now
+0.00%
30d avg:+0.00%
SHORT grvt · nowNVO_USDT_Perp
+53.69%
30d avg:+11.16%
Entry Spread Now
+0.079%
Eaten by executionL 38.0600 · S 38.0900+$7.89 if it converges
24h range −0.05%…+0.23% · median +0.04%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
+$70.65
+0.71%
$Avg Daily PnL
+$3.06
+0.0306%
★Best Day
+$21.68
Sep 25
◎Open Interest
Bybit$910.5K
grvt$407⚡Funding APR
+11.15%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
6.9d
to break even
◧24h Volume
Bybit$163.1Kgrvt$105.8KLoading 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 (−$21.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.