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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 ~4.3d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+94.69%
3d Period Avg+15.13%
swing±57.96%
LONG Bybit · now
+10.96%
3d avg:+50.07%
SHORT Hotcoin · now
+105.65%
3d avg:+65.20%
Entry Spread Now
−0.060%
Eaten by executionL 0.4967 · S 0.4964−$6.04 if it converges
24h range −0.79%…+3.88% · median −0.03%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$99.74
−1.00%
$Avg Daily PnL
+$4.14
+0.0414%
★Best Day
+$10.34
Oct 1
◎Open Interest
⚡Funding APR
+15.12%
annualized · funding only
⚠Execution Cost
−$112.17
entry + exit fees
⏱Payback
27.1d
to break even
◧24h Volume
Loading 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 (−$112.17 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.