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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~4.7d
βSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+577.26%
30d Period Avgβ6.31%
swingΒ±163.15%
LONG Bybit Β· now
β1453.86%
30d avg:β11.87%
SHORT Bluefin Β· nowWAL-PERP
β876.60%
30d avg:β18.18%
Entry Spread Now
β0.062%
Eaten by executionL 0.04820 Β· S 0.04817β$6.22 if it converges
24h range β2.13%β¦+1.72% Β· median β0.21%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0.005%/taker0.035%
Loading Funding Historyβ¦
βTotal PnL
β$789.48
β7.89%
$Avg Daily PnL
β$1.33
β0.0133%
β
Best Day
+$50.23
Oct 5
βOpen Interest
Bybit$4.40M
Bluefin$15.7Kβ‘Funding APR
β4.86%
annualized Β· funding only
β Execution Cost
β$749.51
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Bybit$16.13MBluefin$175.4KLoading Cumulative PnLβ¦
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 (β$749.51 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.