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updated 2:00:16 PMFunding Arbitrage Backtester
Size$
R-trip cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+31.06%
3d Period Avg+6.24%
LONG Bybit · now
+0.00%
3d avg:+1.00%
SHORT Toobit · nowTSM-SWAP-USDT
+31.06%
3d avg:+7.24%
Entry Spread Now
+0.120%
In your favorL 415.9600 · S 416.4600+$12.02 if it converges
24h range −0.29%…+0.27% · median −0.02%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$17.87
−0.18%
$Avg Daily PnL
+$1.28
+0.0128%
★Best Day
+$3.84
Jul 21
◎Open Interest
⚡Funding APR
+4.68%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
17.9d
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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.