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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 ~0.8d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+100.43%
3d Period Avg+34.93%
swing±47.99%
LONG Binance Futures · now
+11.40%
3d avg:+27.90%
SHORT Bybit · now
+111.84%
3d avg:+62.83%
Entry Spread Now
−0.030%
Eaten by executionL 0.1679 · S 0.1679−$2.96 if it converges
24h range −0.79%…+0.82% · median −0.09%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$11.95
+0.12%
$Avg Daily PnL
+$10.98
+0.1098%
★Best Day
+$12.40
Oct 14
◎Open Interest
Binance Futures$3.82M
Bybit$2.01M⚡Funding APR
+40.08%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
1.9d
to break even
◧24h Volume
Binance Futures$3.08MBybit$1.17MLoading 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.