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updated —Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−23.79%
3d Period Avg+18.78%
swing±25.51%
LONG Bybit · now
+48.17%
3d avg:+22.71%
SHORT Hotcoin · now
+24.38%
3d avg:+41.49%
Entry Spread Now
−0.401%
Against youL 0.02293 · S 0.02284−$40.12 if it converges
24h range −0.36%…+0.88% · median +0.07%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$7.57
−0.08%
$Avg Daily PnL
+$5.14
+0.0514%
★Best Day
+$7.53
Sep 25
◎Open Interest
⚡Funding APR
+18.77%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
4.5d
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 + fees only (orderbook snapshot stale) on both legs (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.