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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 ~0.7d
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+116.12%
30d Period Avg+5.02%
swing±32.69%
LONG Bybit · now
+10.96%
30d avg:+19.27%
SHORT Hotcoin · now
+127.08%
30d avg:+24.29%
Entry Spread Now
−0.020%
NeutralL 0.5030 · S 0.5029
24h range −1.51%…+0.96% · median +0.07%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$18.20
+0.18%
$Avg Daily PnL
+$1.37
+0.0137%
★Best Day
+$14.31
Aug 29
◎Open Interest
Bybit$1.77M
Hotcoin$667.5K⚡Funding APR
+5.01%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
16.8d
to break even
◧24h Volume
Bybit$3.86MHotcoin$2.20MLoading 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.