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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 ~1.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+51.27%
30d Period Avg+27.14%
swing±52.97%
LONG Binance Futures · now
+10.96%
30d avg:−50.15%
SHORT Bybit · now
+62.23%
30d avg:−23.01%
Entry Spread Now
+0.024%
Eaten by executionL 0.02498 · S 0.02499+$2.40 if it converges
24h range −0.51%…+0.93% · median +0.08%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
+$188.21
+1.88%
$Avg Daily PnL
+$6.97
+0.0697%
★Best Day
+$26.29
Sep 11
◎Open Interest
Binance Futures$6.15M
Bybit$1.43M⚡Funding APR
+25.45%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
3.0d
to break even
◧24h Volume
Binance Futures$7.29MBybit$638.2KLoading 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.