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updated 10:17:01 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~11d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
3d Period Avg+10.96%
LONG Gate.io · now
+0.00%
3d avg:+0.00%
SHORT Bybit · nowPAXGPERP
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.080%
Eaten by executionL 4,267.8 · S 4,264.4−$7.97 if it converges
24h range −0.54%…+0.15% · median −0.10%
Long pays every8hShort pays every4h
LONGmaker-0.010%/taker0.075%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$22.63
−0.23%
$Avg Daily PnL
+$3.00
+0.0300%
★Best Day
+$3.00
Sep 14
◎Open Interest
Gate.io$14.88M
Bybit$481.3K⚡Funding APR
+10.95%
annualized · funding only
⚠Execution Cost
−$31.63
entry + exit fees
⏱Payback
10.5d
to break even
◧24h Volume
Gate.io$8.32MBybit$110.9KLoading 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 (−$31.63 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.