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updated 2:42:45 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.2d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+182.68%
30d Period Avg+137.94%
LONG Variational · now
−171.72%
30d avg:−126.98%
SHORT Bybit · now
+10.96%
30d avg:+10.96%
Entry Spread Now
+0.023%
Eaten by executionL 0.008513 · S 0.008515+$2.35 if it converges
24h range −0.31%…+0.31% · median +0.09%
Long pays every4hShort pays every4h
LONGmaker0%/taker0%SHORTmaker0.020%/taker0.055%
Limited funding history — chart clipped to available data
- Variational (Long): live data only — historical backfill pending (depth grows organically as we ingest)
KPIs (Total PnL, APR, Win Rate) calculated only over the available data range.
Sparse settlements: long 3%, short 100% of expected. KPIs may be noisy.
Loading Funding History…
↗Total PnL
+$75.93
+0.76%
$Avg Daily PnL
+$2.80
+0.0280%
★Best Day
+$33.28
Aug 16
◎Open Interest
Variational$318.0K
Bybit$3.14M⚡Funding APR
+10.24%
annualized · funding only
⚠Execution Cost
−$11.00
entry + exit fees
⏱Payback
3.9d
to break even
◧24h Volume
Variational$351Bybit$802.2KLoading 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 (−$11.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.