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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%
30d Period Avg+17.39%
swing±21.73%
LONG Bybit · now
+10.96%
30d avg:+10.96%
SHORT Hotcoin · now
+21.92%
30d avg:+28.35%
Entry Spread Now
−0.142%
Against youL 0.09183 · S 0.09170−$14.16 if it converges
24h range −0.60%…+0.65% · median +0.00%
Long pays every4hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$118.58
+1.19%
$Avg Daily PnL
+$4.72
+0.0472%
★Best Day
+$20.65
Sep 8
◎Open Interest
Bybit$4.41M
Hotcoin$584.5K⚡Funding APR
+17.23%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
4.9d
to break even
◧24h Volume
Bybit$1.42MHotcoin$519.3KLoading 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.