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updated 6:46:10 PMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~0.3d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+283.36%
1d Period Avg+28.74%
LONG Gate.io · now
−272.40%
1d avg:−41.71%
SHORT Bybit · now
+10.96%
1d avg:−12.97%
Entry Spread Now
+0.022%
Eaten by executionL 2.6970 · S 2.6976+$2.22 if it converges
24h range −0.22%…+0.19% · median +0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.050%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$11.37
−0.11%
$Avg Daily PnL
+$9.63
+0.0963%
★Best Day
+$9.63
Aug 17
◎Open Interest
Gate.io$159.8K
Bybit$319.2K⚡Funding APR
+35.15%
annualized · funding only
⚠Execution Cost
−$21.00
entry + exit fees
⏱Payback
2.2d
to break even
◧24h Volume
Gate.io$22.0KBybit$44.9KLoading 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.