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updated 8:33:11 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~1679d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.05%
3d Period Avg−98.24%
LONG Bybit · now
+10.96%
3d avg:+119.19%
SHORT Toobit · nowTHE-SWAP-USDT
+11.01%
3d avg:+20.95%
Entry Spread Now
+0.114%
Eaten by executionL 0.06161 · S 0.06168+$11.36 if it converges
24h range −0.27%…+1.65% · median +0.24%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$103.68
−1.04%
$Avg Daily PnL
−$26.89
−0.2689%
★Best Day
−$10.02
Aug 17
◎Open Interest
Bybit$759.2K
Toobit$44.5K⚡Funding APR
−98.17%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$171.3KToobit$263.4KLoading 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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.