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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
−0.31%
3d Period Avg−4.14%
swing±11.82%
LONG Hotcoin · now
+11.27%
3d avg:+7.01%
SHORT Bybit · now
+10.96%
3d avg:+2.87%
Entry Spread Now
+0.033%
Eaten by executionL 0.1839 · S 0.1840+$3.26 if it converges
24h range −0.41%…+0.18% · median −0.02%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding History…
↗Total PnL
−$26.01
−0.26%
$Avg Daily PnL
−$1.00
−0.0100%
★Best Day
+$0.78
Oct 16
◎Open Interest
Hotcoin$3.96M
Bybit$29.12M⚡Funding APR
−3.66%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hotcoin$3.46MBybit$20.75MLoading 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.