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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
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+20.09%
swing±18.01%
LONG Bybit · now
+10.96%
3d avg:−9.14%
SHORT Binance Futures · now
+10.96%
3d avg:+10.95%
Entry Spread Now
+0.440%
In your favorL 0.02069 · S 0.02078+$43.98 if it converges
24h range −0.63%…+0.48% · median −0.09%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$4.50
−0.05%
$Avg Daily PnL
+$5.50
+0.0550%
★Best Day
+$8.38
Oct 15
◎Open Interest
⚡Funding APR
+20.07%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
3.8d
to break even
◧24h Volume
Loading 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.