What does the funding arbitrage backtester calculate?
It estimates the funding payments earned and paid by opposing perpetual futures positions over a historical window, then applies the configured capital, position size, entry fees, and exit fees.
Crypto Funding Rate Arbitrage Backtester & Simulator
Live snapshot of cross-exchange perpetual funding rates used as defaults in the simulator. Tracking 1,657 symbols across 42 exchanges. Largest current funding moves: ES on Crypto.com (789.55 bps), FWOG on Crypto.com (324.52 bps), BASECAT on Crypto.com (-290.27 bps), GIGGLEMAX on Gate.io (253.04 bps), H100 on Lighter (-158.48 bps).
| Rank | Symbol | Exchange | Funding (8h, bps) | Funding APY |
|---|---|---|---|---|
| 1 | ES | Crypto.com | +789.55 bps | +8645.58% APY |
| 2 | FWOG | Crypto.com | +324.52 bps | +3553.47% APY |
| 3 | BASECAT | Crypto.com | -290.27 bps | -3178.45% APY |
| 4 | GIGGLEMAX | Gate.io | +253.04 bps | +2770.79% APY |
| 5 | H100 | Lighter | -158.48 bps | -1735.36% APY |
| 6 | OTHERS | Paragon | -145.35 bps | -1591.58% APY |
| 7 | NIGHT | Coinbase International | +115.68 bps | +1266.70% APY |
| 8 | TOTAL2 | Paragon | -108.20 bps | -1184.82% APY |
| 9 | SNEK | Crypto.com | +107.60 bps | +1178.17% APY |
| 10 | TEST002 | OKX | -100.00 bps | -1095.00% APY |
| 11 | READY | KuCoin | -98.94 bps | -1083.39% APY |
| 12 | RABBIT | BingX | +90.72 bps | +993.38% APY |
| 13 | STONKS | Gate.io | -84.48 bps | -925.06% APY |
| 14 | S | 01 | -82.64 bps | -904.91% APY |
| 15 | SHROOM | Gate.io | -76.22 bps | -834.61% APY |
Last updated 2026-09-05T11:36:58Z (UTC).
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FAQs
Funding arbitrage backtester questions
The simulator applies historical cross-exchange funding, position size, fees, and holding period to a consistent perpetual futures strategy model.
Is cross-exchange funding arbitrage market neutral?
Matched long and short notional reduces directional exposure, but the trade is not risk-free. Contract prices can diverge, funding can change, one leg can be liquidated, and venue or transfer constraints can prevent rebalancing.
How are different funding intervals handled in a backtest?
Rates are aligned to their actual settlement cadence where settlement data is available. Comparable displays may be normalized, but modeled cash flows should accrue on the venue's real payment schedule.
Why do trading fees matter in funding arbitrage?
The strategy opens and closes two legs, so even a seemingly attractive funding spread can be consumed by four fee events, slippage, and any cost of moving or hedging capital.
Does a profitable historical backtest predict future returns?
No. It describes what the configured rules would have produced from available historical data. Future rates, liquidity, fees, execution, and venue reliability can differ materially.