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updated —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+17.56%
swing±47.79%
LONG Binance Futures · now
+10.96%
3d avg:+10.96%
SHORT Bybit · now
+10.96%
3d avg:+28.52%
Entry Spread Now
+0.071%
Eaten by executionL 0.004378 · S 0.004381+$7.10 if it converges
24h range −0.48%…+0.66% · median +0.05%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$34.66
−0.35%
$Avg Daily PnL
+$4.54
+0.0454%
★Best Day
+$13.62
Sep 25
◎Open Interest
Binance Futures$5.03M
Bybit$1.55M⚡Funding APR
+16.57%
annualized · funding only
⚠Execution Cost
−$48.28
entry + exit fees
⏱Payback
10.6d
to break even
◧24h Volume
Binance Futures$4.71MBybit$476.4KLoading 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 (−$48.28 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.