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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
−42.12%
3d Period Avg−6.13%
swing±75.56%
LONG Bybit · now
+46.46%
3d avg:+24.23%
SHORT Hotcoin · now
+4.34%
3d avg:+18.10%
Entry Spread Now
+0.201%
In your favorL 0.1396 · S 0.1399+$20.05 if it converges
24h range −7.03%…+10.90% · median +0.00%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$28.04
−0.28%
$Avg Daily PnL
−$1.68
−0.0168%
★Best Day
+$6.22
Sep 28
◎Open Interest
Bybit$1.30M
Hotcoin$405.7K⚡Funding APR
−6.13%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$2.59MHotcoin$1.44MLoading 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.