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updated 12:16:31 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−10.96%
3d Period Avg−0.98%
LONG Bybit · nowTWTPERP
+10.96%
3d avg:+10.96%
SHORT Toobit · nowTWT-SWAP-USDT
+0.00%
3d avg:+9.98%
Entry Spread Now
−0.077%
Eaten by executionL 0.3882 · S 0.3879−$7.73 if it converges
24h range −0.40%…+0.26% · median −0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$23.30
−0.23%
$Avg Daily PnL
−$0.08
−0.0008%
★Best Day
+$0.50
Aug 17
◎Open Interest
Bybit$29.1K
Toobit$31.7K⚡Funding APR
−0.28%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$31.2KToobit$579.9KLoading 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.