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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
β13.67%
3d Period Avgβ12.88%
swingΒ±21.88%
LONG Binance Futures Β· now
+24.63%
3d avg:+27.66%
SHORT Bybit Β· now
+10.96%
3d avg:+14.78%
Entry Spread Now
+0.024%
Eaten by executionL 0.08485 Β· S 0.08487+$2.42 if it converges
24h range β0.57%β¦+0.53% Β· median +0.09%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$31.32
β0.31%
$Avg Daily PnL
β$3.44
β0.0344%
β
Best Day
+$0.00
Oct 8
βOpen Interest
Binance Futures$3.39M
Bybit$1.46Mβ‘Funding APR
β12.56%
annualized Β· funding only
β Execution Cost
β$21.00
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Binance Futures$1.52MBybit$402.9KLoading 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.