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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 ~4.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+16.34%
3d Period Avg+0.65%
swing±8.81%
LONG Bybit · now
−5.38%
3d avg:+8.52%
SHORT Binance Futures · now
+10.96%
3d avg:+9.17%
Entry Spread Now
+0.094%
Eaten by executionL 3.1830 · S 3.1860+$9.43 if it converges
24h range −0.19%…+0.31% · median +0.10%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$20.46
−0.20%
$Avg Daily PnL
+$0.18
+0.0018%
★Best Day
+$2.00
Oct 1
◎Open Interest
Bybit$535.2K
Binance Futures$2.27M⚡Funding APR
+0.65%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
3.9mo
to break even
◧24h Volume
Bybit$201.8KBinance Futures$1.64MLoading 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.