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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 ~0.0d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1828.15%
30d Period Avg−175.62%
swing±204.14%
LONG Coinbase International · nowTOWNS-PERP
−1817.19%
30d avg:+187.82%
SHORT Binance Futures · now
+10.96%
30d avg:+12.20%
Entry Spread Now
+5.392%
In your favorL 0.002012 · S 0.002120+$539.21 if it converges
24h range −2.07%…+5.45% · median +3.05%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.040%SHORTmaker0.020%/taker0.050%
Loading Funding History…
↗Total PnL
−$612.05
−6.12%
$Avg Daily PnL
−$19.80
−0.1980%
★Best Day
+$13.25
Sep 24
◎Open Interest
Coinbase International$55.9K
Binance Futures$2.00M⚡Funding APR
−72.28%
annualized · funding only
⚠Execution Cost
−$18.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Coinbase International$22.9KBinance Futures$4.08MLoading 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 (−$18.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.