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updated —BRENT Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~45d
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+2.33%
7d Period Avg+112.36%
swing±181.21%
LONG Bybit · nowBZUSDT
−4.30%
7d avg:−88.15%
SHORT Hotcoin · nowBZUSDT
−1.97%
7d avg:+24.21%
Entry Spread Now
−0.032%
Against youL ask 93.5300 · S bid 93.5000−$3.21 at entry
24h range −0.11%…+0.11% · median −0.01%
Long pays every8hShort pays every4h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
+$180.81
+1.81%
$Avg Daily PnL
+$29.90
+0.2990%
★Best Day
+$84.41
Nov 10
◎Open Interest
Bybit$16.73M
Hotcoin$11.85M⚡Funding APR
+109.13%
annualized · funding only
⚠Execution Cost
−$28.48
entry + exit fees
⏱Payback
22.8h
to break even
◧24h Volume
Bybit$11.24MHotcoin$24.44MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$28.48 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.