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updated 10:31:50 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
−81.94%
3d Period Avg−264.67%
LONG Bybit · now
+231.92%
3d avg:+182.58%
SHORT Hotcoin · now
+149.98%
3d avg:−82.09%
Entry Spread Now
−0.111%
Eaten by executionL 0.3164 · S 0.3160−$11.06 if it converges
24h range −1.18%…+3.58% · median +0.17%
Long pays every4hShort pays every8h
LONGmaker0.020%/taker0.055%SHORTmaker0.020%/taker0.060%
Loading Funding History…
↗Total PnL
−$250.96
−2.51%
$Avg Daily PnL
−$56.99
−0.5699%
★Best Day
−$26.37
Aug 16
◎Open Interest
Bybit$16.85M
Hotcoin$5.96M⚡Funding APR
−208.01%
annualized · funding only
⚠Execution Cost
−$23.00
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Bybit$12.39MHotcoin—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.