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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β0.24%
3d Period Avg+33.62%
swingΒ±20.05%
LONG Binance Futures Β· now
β5.46%
3d avg:β63.25%
SHORT Bybit Β· now
β5.70%
3d avg:β29.63%
Entry Spread Now
β0.004%
NeutralL 0.03005 Β· S 0.03005
24h range β0.96%β¦+1.36% Β· median +0.04%
Long pays every4hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$18.05
β0.18%
$Avg Daily PnL
+$0.98
+0.0098%
β
Best Day
+$8.40
Oct 14
βOpen Interest
Binance Futures$5.51M
Bybit$4.43Mβ‘Funding APR
+3.59%
annualized Β· funding only
β Execution Cost
β$21.00
entry + exit fees
β±Payback
21.4d
to break even
β§24h Volume
Binance Futures$16.11MBybit$3.97MLoading Cumulative PnLβ¦
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 (β$21.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.