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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 ~1.5d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+52.14%
1d Period Avg+52.14%
LONG Bybit · now
+0.00%
1d avg:+0.00%
SHORT Meridian · now
+52.14%
1d avg:+52.14%
Entry Spread Now
−0.183%
Against youL ask 56.7500 · S bid 56.6460−$18.33 at entry
24h range −0.48%…+0.13% · median −0.31%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0%/taker0.030%
Loading Funding History…
↗Total PnL
−$7.70
−0.08%
$Avg Daily PnL
+$14.28
+0.1428%
★Best Day
+$13.09
Oct 17
◎Open Interest
⚡Funding APR
+52.11%
annualized · funding only
⚠Execution Cost
−$21.98
entry + exit fees
⏱Payback
1.5d
to break even
◧24h Volume
Loading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$21.98 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.