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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding covers it in ~22d
β Slippage not modeled β actual cost may differ
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
+3.86%
3d Period Avgβ4.14%
swingΒ±11.82%
LONG Hotcoin Β· now
+7.10%
3d avg:+7.01%
SHORT Bybit Β· now
+10.96%
3d avg:+2.87%
Entry Spread Now
β0.006%
NeutralL 0.1796 Β· S 0.1796
24h range β0.51%β¦+0.21% Β· median β0.01%
Long pays every8hShort pays every8h
LONGmaker0.020%/taker0.060%SHORTmaker0.020%/taker0.055%
Loading Funding Historyβ¦
βTotal PnL
β$26.01
β0.26%
$Avg Daily PnL
β$1.00
β0.0100%
β
Best Day
+$0.78
Oct 16
βOpen Interest
Hotcoin$3.87M
Bybit$27.36Mβ‘Funding APR
β3.66%
annualized Β· funding only
β Execution Cost
β$23.00
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hotcoin$3.71MBybit$23.20MLoading Cumulative PnLβ¦
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 (β$23.00 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.