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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 ~0.1d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1038.33%
30d Period Avg+10.73%
swing±88.69%
LONG Coinbase International · nowALT-PERP
−1027.38%
30d avg:−5.01%
SHORT Hotcoin · now
+10.96%
30d avg:+5.72%
Entry Spread Now
+0.475%
In your favorL 0.007783 · S 0.007820+$47.54 if it converges
24h range −0.20%…+5.11% · median +0.25%
Long pays every1hShort pays every4h
LONGmaker0.020%/taker0.040%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$34.60
−0.35%
$Avg Daily PnL
−$0.49
−0.0049%
★Best Day
+$55.21
Sep 30
◎Open Interest
Coinbase International$2.4K
Hotcoin$176.4K⚡Funding APR
−1.78%
annualized · funding only
⚠Execution Cost
−$20.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Coinbase International$6.0KHotcoin$273.3KLoading 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 (−$20.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.