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updated 12:08:32 AMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+0.00%
3d Period Avg+29.02%
swing±54.38%
LONG Binance Futures · now
+10.96%
3d avg:+10.96%
SHORT Bybit · now
+10.96%
3d avg:+39.98%
Entry Spread Now
−0.189%
Eaten by executionL 0.02736 · S 0.02731−$18.92 if it converges
24h range −0.48%…+0.67% · median −0.02%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$57.11
−0.57%
$Avg Daily PnL
+$5.63
+0.0563%
★Best Day
+$22.36
Sep 18
◎Open Interest
Binance Futures$7.00M
Bybit$715.4K⚡Funding APR
+20.54%
annualized · funding only
⚠Execution Cost
−$79.62
entry + exit fees
⏱Payback
14.2d
to break even
◧24h Volume
Binance Futures$2.46MBybit$686.1KLoading 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 (−$79.62 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.