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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%
3d Period Avg+20.39%
swing±26.72%
LONG Bybit · now
+0.00%
3d avg:+3.98%
SHORT Meridian · now
+52.14%
3d avg:+24.37%
Entry Spread Now
−0.251%
Against youL ask 56.9200 · S bid 56.7770−$25.12 at entry
24h range −0.45%…+0.82% · median −0.27%
Long pays every4hShort pays every1h
LONGmaker0.020%/taker0.055%SHORTmaker0%/taker0.030%
Loading Funding History…
↗Total PnL
−$4.44
−0.04%
$Avg Daily PnL
+$5.48
+0.0548%
★Best Day
+$14.28
Oct 17
◎Open Interest
Bybit$43.55M
Meridian$5.0K⚡Funding APR
+19.99%
annualized · funding only
⚠Execution Cost
−$20.87
entry + exit fees
⏱Payback
3.8d
to break even
◧24h Volume
Bybit$7.08MMeridian$2.7KLoading 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 (−$20.87 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.