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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+27.55%
swing±33.43%
LONG Bybit · now
+10.96%
3d avg:+14.77%
SHORT Hotcoin · now
+21.92%
3d avg:+42.32%
Entry Spread Now
+0.020%
NeutralL 0.5028 · S 0.5029
24h range −1.51%…+0.96% · median +0.06%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$0.37
+0.00%
$Avg Daily PnL
+$5.66
+0.0566%
★Best Day
+$8.39
Sep 23
◎Open Interest
Bybit$1.76M
Hotcoin$667.5K⚡Funding APR
+20.65%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
4.1d
to break even
◧24h Volume
Bybit$3.76MHotcoin$2.18MLoading 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.