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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 ~0.6d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+121.41%
3d Period Avg+95.87%
swing±128.37%
LONG Bybit · now
+10.96%
3d avg:+75.05%
SHORT Coinbase International · nowPRL-PERP
+132.37%
3d avg:+170.92%
Entry Spread Now
+0.393%
In your favorL 0.1176 · S 0.1181+$39.29 if it converges
24h range −1.05%…+1.57% · median +0.19%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.040%
Loading Funding History…
↗Total PnL
+$58.75
+0.59%
$Avg Daily PnL
+$25.92
+0.2592%
★Best Day
+$43.65
Sep 30
◎Open Interest
Bybit$829.8K
Coinbase International$21.6K⚡Funding APR
+94.60%
annualized · funding only
⚠Execution Cost
−$19.00
entry + exit fees
⏱Payback
17.5h
to break even
◧24h Volume
Bybit$295.5KCoinbase International$22.0KLoading 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 (−$19.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.