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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
+0.00%
7d Period Avg+16.81%
swing±31.30%
LONG Bybit · now
+10.96%
7d avg:+32.41%
SHORT Hotcoin · now
+10.96%
7d avg:+49.22%
Entry Spread Now
+0.009%
NeutralL 0.02225 · S 0.02226
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
+$9.22
+0.09%
$Avg Daily PnL
+$4.60
+0.0460%
★Best Day
+$8.59
Sep 21
◎Open Interest
⚡Funding APR
+16.80%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
5.0d
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.