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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 ~72d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.31%
30d Period Avg−1.84%
swing±12.64%
LONG Gate.io · now
+9.64%
30d avg:+5.09%
SHORT Bybit · now
+10.96%
30d avg:+3.25%
Entry Spread Now
+0.050%
Eaten by executionL 0.9987 · S 0.9992+$5.01 if it converges
24h range −0.02%…+0.05% · median +0.01%
Long pays every4hShort pays every4h
LONGmaker-0.010%/taker0.075%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$39.78
−0.40%
$Avg Daily PnL
−$0.46
−0.0046%
★Best Day
+$5.05
Sep 2
◎Open Interest
Gate.io$54.8K
Bybit$565.4K⚡Funding APR
−1.68%
annualized · funding only
⚠Execution Cost
−$26.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Gate.io$3.1KBybit$27.2KLoading 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 (−$26.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.