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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 ~7.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+10.96%
3d Period Avg+4.24%
swing±8.39%
LONG Bybit · now
+10.96%
3d avg:+6.72%
SHORT Hotcoin · now
+21.92%
3d avg:+10.96%
Entry Spread Now
+0.221%
In your favorL 0.005883 · S 0.005896+$22.10 if it converges
24h range −0.79%…+0.62% · median +0.09%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$19.72
−0.20%
$Avg Daily PnL
+$1.09
+0.0109%
★Best Day
+$1.46
Oct 1
◎Open Interest
Bybit$4.66M
Hotcoin$260.6K⚡Funding APR
+3.99%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
21.0d
to break even
◧24h Volume
Bybit$894.5KHotcoin$155.2KLoading 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.