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updated 2:24:47 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.4d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+89.98%
3d Period Avg+51.93%
LONG Variational · now
−79.03%
3d avg:−40.97%
SHORT Bybit · nowPOLPERP
+10.96%
3d avg:+10.96%
Entry Spread Now
−0.040%
Eaten by executionL 0.07500 · S 0.07497−$4.00 if it converges
24h range −0.09%…+0.19% · median +0.03%
Long pays every4hShort pays every8h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$26.77
+0.27%
$Avg Daily PnL
+$9.44
+0.0944%
★Best Day
+$13.66
Aug 14
◎Open Interest
Variational$1.16M
Bybit$114.1K⚡Funding APR
+34.47%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
1.2d
to break even
◧24h Volume
Variational$28.5KBybit$18.9KLoading 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 (−$11.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.