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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 ~2.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+32.45%
3d Period Avg+16.44%
swing±17.25%
LONG Bybit · now
−21.49%
3d avg:−5.48%
SHORT Binance Futures · now
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.095%
Eaten by executionL 0.1287 · S 0.1286−$9.45 if it converges
24h range −0.10%…+0.27% · median +0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$7.50
−0.08%
$Avg Daily PnL
+$4.50
+0.0450%
★Best Day
+$8.24
Oct 16
◎Open Interest
Bybit$1.63M
Binance Futures$6.42M⚡Funding APR
+16.42%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
4.7d
to break even
◧24h Volume
Bybit$487.8KBinance Futures$1.70MLoading 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.