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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
β27.18%
7d Period Avg+97.31%
swingΒ±130.22%
LONG Binance Futures Β· now
β134.87%
7d avg:β154.57%
SHORT Bybit Β· now
β162.05%
7d avg:β57.26%
Entry Spread Now
β0.103%
Eaten by executionL 0.6807 Β· S 0.6800β$10.28 if it converges
24h range β1.28%β¦+1.26% Β· median +0.01%
Long pays every1hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Sparse settlements: long 42%, short 95% of expected. KPIs may be noisy.
Loading Funding Historyβ¦
βTotal PnL
+$24.46
+0.24%
$Avg Daily PnL
+$6.49
+0.0649%
β
Best Day
+$19.89
Oct 6
βOpen Interest
Binance Futures$12.24M
Bybit$4.99Mβ‘Funding APR
+23.70%
annualized Β· funding only
β Execution Cost
β$21.00
entry + exit fees
β±Payback
3.2d
to break even
β§24h Volume
Binance Futures$176.63MBybit$26.85MLoading 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.