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updated —RED Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+0.03%
swing±0.12%
LONG Toobit · nowRED-SWAP-USDT
+10.96%
3d avg:+10.19%
SHORT Binance Futures · now
+10.96%
3d avg:+10.22%
Entry Spread Now
−0.170%
Against youL ask 0.1178 · S bid 0.1176−$16.98 at entry
24h range −0.65%…+0.56% · median +0.06%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$73.14
−0.73%
$Avg Daily PnL
+$0.01
+0.0001%
★Best Day
+$0.02
Nov 13
◎Open Interest
Toobit$460.1K
Binance Futures$1.73M⚡Funding APR
+0.03%
annualized · funding only
⚠Execution Cost
−$73.16
entry + exit fees
⏱Payback
304.8mo
to break even
◧24h Volume
Toobit$1.14MBinance Futures$2.54MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$73.16 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.