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updated 10:56:56 PMFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~2.5d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+30.57%
3d Period Avg+28.82%
swing±54.49%
LONG Binance Futures · now
+10.96%
3d avg:+10.96%
SHORT Bybit · now
+41.53%
3d avg:+39.78%
Entry Spread Now
−0.066%
Eaten by executionL 0.02769 · S 0.02767−$6.59 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
+$1.36
+0.01%
$Avg Daily PnL
+$7.45
+0.0745%
★Best Day
+$22.36
Sep 18
◎Open Interest
Binance Futures$7.09M
Bybit$733.2K⚡Funding APR
+27.20%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
2.8d
to break even
◧24h Volume
Binance Futures$2.44MBybit$671.2KLoading 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.