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updated 11:57:50 AMFunding Arbitrage Backtester
Size$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
⚠Slippage not modeled — actual cost may differ
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−5.48%
3d Period Avg+7.89%
LONG Bybit · now
+10.96%
3d avg:+10.96%
SHORT Hotcoin · now
+5.48%
3d avg:+18.85%
Entry Spread Now
+0.042%
Eaten by executionL 0.07185 · S 0.07188+$4.18 if it converges
24h range −0.38%…+0.32% · median +0.14%
Long pays every4hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$22.71
−0.23%
$Avg Daily PnL
+$0.07
+0.0007%
★Best Day
+$6.29
Aug 16
◎Open Interest
Bybit$3.57M
Hotcoin$561.4K⚡Funding APR
+0.26%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
10.7mo
to break even
◧24h Volume
Bybit$177.2KHotcoin—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 (−$23.00 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.